TECHNICAL DAILY OUTLOOK – EURUSD 20th of April
EYES STILL ON 1.085
As I wrote Friday, a strong break out of the 1.085 level would encourage bulls to cover the 1.091 gap while no more attempts to hit 1.085 will lead to a correction around 1.069 area back again.
The possible scenarios for this beginning of week are 2 (affected by the news release of next days):
– strong bullish break out of the 1.085 level will encourage bulls to cover the 1.091 gap, first, and 1.1023 then
– no more attempts to hit 1.085 will lead to a correction around 1.069 area, back again
Author: Simone Ambrogio
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