EUR/USD prints falling wedge around key support line close 1.1800
Generally, EUR/USD is moving downwards. As of late, EUR/USD neglected to break the resistance zone of 1.18200 because of a worldwide worry in a bounce-back in COVID cases. The EUR/USD pair holds the negative position notwithstanding bobbing from its intraday low. The Momentum pointer recuperated inside regrettable levels, however, the RSI marker unites around 44, all of which favor another leg south.
Presently, EUR/USD is moving towards the resistance zone of 1.18200 and the following support zone is at 1.16300. Search for momentary selling chances of EUR/USD if it ricochets off the resistance zone of 1.18200.
Read Full News : Daily & Weekly Analysis on XtreamForex
Generally, EUR/USD is moving downwards. As of late, EUR/USD neglected to break the resistance zone of 1.18200 because of a worldwide worry in a bounce-back in COVID cases. The EUR/USD pair holds the negative position notwithstanding bobbing from its intraday low. The Momentum pointer recuperated inside regrettable levels, however, the RSI marker unites around 44, all of which favor another leg south.
Presently, EUR/USD is moving towards the resistance zone of 1.18200 and the following support zone is at 1.16300. Search for momentary selling chances of EUR/USD if it ricochets off the resistance zone of 1.18200.
Read Full News : Daily & Weekly Analysis on XtreamForex