Remain neutral | 15 October 2020

Technical observation

EUR is trading between a supportive line 1.1726 and a resistance zone 1.1779-1.1775. I expect either a rise to the resistance zone followed by a rejection within it for bearish movements of price or, a decline to the supportive level mentioned above followed by a clear breakout below it for a surge to the lower side. My advice, remain flat and wait for either a correction to the zone 1.1779-1.1775, or a clear break below the line 1.1726. You can sell this pair within the zone mentioned above in case of arise to it and a bounce within it. As it is on the chart above, only bearish movements looks ideal.

Trade recommendation

Remain flat.