EURUSD - Consolidation/Bearish Environment.

17 thg 10, 2020

Hello and welcome back. If you found this idea helpful, please leave a like. EURUSD is in an area where we could go into consolidation. It was unable to go higher last week. From a directional standpoint, if I were to choose a side, I see lower prices targeting the lows at 1.1685 and if we run hard, 1.1615. It is very hard for me to gauge anything due to the current environment we are in right now with the U.S election and so forth. Overall, if I were to choose a side, I see this going lower. We've got news on Friday and on Monday for Euro which may cause something.