empty
 
 
22.10.2020 06:52 AM
Trading plan for EURUSD for October 22, 2020

This image is no longer relevant

Technical outlook:

EURUSD retreated after hitting the 1.1870 level yesterday. EUR/USD is seen to be trading around 1.1844 level at this point in writing and is expected to reverse lower from here. The potential downside target is the 1.1100 level in the next several weeks. Immediate resistance is seen towards 1.2010 while interim support is at 1.1610 level. A drop below 1.1610 would confirm thw downward movement to 1.1870 and 1.1350. Also note that EURUSD has found resistance around the Fibonacci 0.618 retracement between 1.2010 and 1.1610 levels respectively. A bearish reversal from here remains a high probability.

Trading plan:

Remain short, stop @ 1.2010, target @ 1.1350 and 1.1100

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback