empty
 
 
10.10.2019 03:21 PM
EURUSD challenges important short-term resistance at 1.1030 and could see 1.1130 soon.

EURUSD has moved above 1.10 and is challenging as expected the important 1.1030 resistance level. As long as price is above 1.10 we expect price to continue higher towards 1.11-1.1130.

This image is no longer relevant

Black lines- bullish wedge pattern

Red line - bullish divergence

EURUSD is bouncing off the lower wedge boundary. The upper wedge boundary and possible target is at 1.1130. Short-term trend is bullish as long as price is above 1.0965 but longer-term trend remains bearish as long as price is inside the wedge.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback