FX.co ★ EUR/USD analysis for 05.11.2020 - Buying zone at 1.0825. Watch upside movement towards the level at 1.0875 and 1.0890

Corona virus summary:

Technical analysis:

EUR/USD has been trading downwards at the price of 1,0810. The level of 1,0800 is the great support and potential buy zone. I see EUR to go higher in the future due to rejection of the support. There is a breakout of downward channel in the background, which is anotehr indication for the the upside movement.

Trading recommendation:

Watch for buying opportunities with the SL at 1,0787 and potential upward targets at 1,0875 and 1,0890.