empty
 
 

15.10.201815:37 Forex Analysis & Reviews: Intraday technical levels and trading recommendations for EUR/USD for October 15, 2018

Revisione a lungo termine

Exchange Rates 15.10.2018 analysis

On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders reversal pattern where the right shoulder is currently in progress.

On September 10, the price level of 1.1500 offered temporary bullish recovery. A quick bullish movement was demonstrated towards the upper border of the price range (1.1750). However, the EUR/USD bulls failed to pursue towards higher bullish targets.

Instead, evident bearish momentum was being demonstrated on the daily chart. On October 10, a recent decline below 1.1520 found its way towards the price level of 1.1420.

As for the bearish side of the market to remain dominant, the EUR/USD pair should keep trading below the price level of 1.1520.

However, last week, evident signs of bullish recovery were demonstrated around 1.1430 (Note the full-bullish candlestick of Thursday). This brings the EUR/USD pair again above 1.1520.

Hence, the EUR/USD pair resumes its sideway consolidations inside the depicted consolidation range (1.1520-1.1750) until a bearish breakout occurs later.

The nearest supply level is located around 1.1670 (a potential bullish target).

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.