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❗ Technical alert: EURUSD 📈

2:23 PM 9 October 2020

Major pair breaks above the resistance at 1.18 USD

The U.S. dollar found itself under selling pressure at the end of the week. Looking at the EURUSD chart from a technical point of view, the pair is currently breaking above resistance at 1.18 USD. If buyers manage to keep the price above it, an upward move towards 1.1855 could be on the cards. On the other hand, should the price break back below, a downward move may deepen towards the local trend line (red line).EURUSD H1 interval. Source: xStation5

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