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FX.co ★ Evening review on October 16, 2020

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Forex Analysis:::2020-10-16T11:54:41

Evening review on October 16, 2020

Evening review on October 16, 2020

The downward breakdown of the EURUSD pair turned out to be false.

You may buy the euro from 1.1720.

It is possible to buy in case of a breakdown from 1.1760 with a stop at 1.1715.

There is no major news, but volatility may increase at 12:30 UTC.

The upward trend may continue with a potential target of up to 1.2450.

Analyst InstaForex
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