(16 October 2020)EUR/USD Key resistance at 1.1725.

Pivot
 (invalidation): 1.1725
Our preference
Short positions below 1.1725 with targets at 1.1690 & 1.1670 in extension.
Alternative scenario
Above 1.1725 look for further upside with 1.1740 & 1.1755 as targets.
Comment
As Long as the resistance at 1.1725 is not surpassed, the risk of the break below 1.1690
remains high.

(By Swissquote TRADING CENTRAL)