We are looking at EURUSD right now. This pair has a very sharp move over the last trading sessions.
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From our technical standpoint, if this pair continues to move up, we are watching closely the first resistance level at 1.2024 and if this is taken over, we are watching closely the next resistance level at 1.2144, followed by the third resistance level at 1.2336.
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On the other hand, if this pair decides to retrace to the downside, we are watching the first support level at 1.1125 and if this is taken over, we are watching closely the next support level at 1.0909.
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Good trading!
From the Desk of NinjaSingapore
17 August 2020
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From our technical standpoint, if this pair continues to move up, we are watching closely the first resistance level at 1.2024 and if this is taken over, we are watching closely the next resistance level at 1.2144, followed by the third resistance level at 1.2336.
.
On the other hand, if this pair decides to retrace to the downside, we are watching the first support level at 1.1125 and if this is taken over, we are watching closely the next support level at 1.0909.
.
Good trading!
From the Desk of NinjaSingapore
17 August 2020