empty
 
 
15.10.2015 11:33 AM
Technical analysis of EUR/USD for October 15, 2015
This image is no longer relevant

Overview:

  • The EUR/USD pair's resistance was broken and turned into support around the price of 1.1305 yesterday. The new support is coinciding with the ratio of 38.2% Fibonacci retracement levels. Therefore, the pair is going to form strong support at the that level. Moreover, after it failed to close below 50% Fibonacci retracement levels (1.1408), the pair started showing signs of a bullish market at this level (1.1408). Consequently, upside momentum is rather convincing and the structure of the fall does look not corrective to indicate the bearish opportunity above 1.1408. For that, it will be a good decision to buy above the price of 1.1408 with the first target of 1.1450 (the daily pivot point has set at the level of 1.1442) and it will call for an uptrend in order to continue with bullish movement towards 1.1481 for testing the ratio of 61.8% Fibonacci. However, the price has still been moving between 1.1480 and 1.1408.
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback