EURUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME
Publish Date : 2019/10/01 - 05:25

EURUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME


  • The pair has staged the expected push down to hit the downside targets/supports of 1.09550 and 1.0925 as per highlighted in our previous report. It also broke below the previous 03 Sep 2019 swing low area of 1.0925 that has further cemented the on-going major downtrend in place since 24 Sep 2018.
  • Maintain bearish bias in any bounces below 1.0950 key short-term pivotal resistance for a further potential push down to target the next supports at 1.0860 and 1.0820 (lower boundary of a medium-term descending channel from 06 Aug 2019 high & a Fibonacci expansion cluster).

Source:forex.com

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