Before, our target of 1.18 was hit, reached 1.20, followed by a pullback to 1.16. There we found support and now we are moving up again. I think it is likely that we re-test the 1.20 key level again which would align with the prior trend-line as resistance. Now with the election day getting closer and covid-19 impacting heavily the US, uncertainty grows and this likely weakens the Euro for the last quarter of the year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.