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Deteriorating risk sentiment could push the Euro lower – EUR/USD Market Outlook – 22/10/2020

SquaredFinancial

The Euro got rejected at our 1.1870 key resistance area as US stimulus uncertainty drags on. Furthermore, risk sentiment has soured and the USD gained more ground after US National Security said that Russia and Iran are interfering with the Presidential election. Looking forward, the pair could suffer deeper losses today if the bulls lose the 1.1830 support.

Support: 1.1830 / 1.1770
Resistance: 1.1870/ 1.19

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Source: https://www.squaredfinancial.com/learn/daily-market-outlook/deteriorating-risk-sentiment-could-push-the-euro-lower-eur-usd-market-outlook-22-10-2020
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