RHB Retail Research
Trading Stocks - Euro
Euro advanced above the resistance level of MYR1.80 with a higher trading volume. The latest price and volume indicates the consolidation is completed, and likely to challenge the next resistance level at MYR1.93, followed by MYR2.00. If it trades below MYR1.80, expect the momentum to wane and resume a sideways consolidation. Meanwhile, a downside breach of the MYR1.68 support would see further share price correction.
Source: RHB Securities Research - 29 Sept 2020
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