1. There two possibilities for EURUSD. Should price bounce back at the first resistance which is expected today (1.09500+), Then it will retest and go through and even beyond the 1.09999 level as shown by the black allows
2. However, if the price goes straight to the 1.09999 Resistance as shown by blue allows, We expect a straight fall back to the 1.07700 zone. and this is more of a realistic goal then the first one.
The pair's Bullish move was mainly triggered by the news that American companies are getting closer to getting the covid19 vaccine as well as a proposal for another package into the economy. however, both Britain and Germany are planing a major economic bailout which will surely inspire future moves.
2. However, if the price goes straight to the 1.09999 Resistance as shown by blue allows, We expect a straight fall back to the 1.07700 zone. and this is more of a realistic goal then the first one.
The pair's Bullish move was mainly triggered by the news that American companies are getting closer to getting the covid19 vaccine as well as a proposal for another package into the economy. however, both Britain and Germany are planing a major economic bailout which will surely inspire future moves.