Intraday technical levels and trading suggestions for EUR/USD for September 18, 2017 888011000 110888 Monthly Outlook In January 2015, the EUR/USD pair moved listed below the major need levels near 1.2050-1.2100(multiple previous bottoms set in July 2012 and June 2010). For this reason, a long-term bearish target was predicted towards 0.9450. In March 2015, EUR/USD bears challenged the monthly need level around 1.0500, which had been previously reached in August 1997. In thelonger term, the level of 0.9450 remains a predicted target if any regular monthly candlestick attains bearish closure listed below the illustrated regular monthly need level of 1.0500. The EUR/USD set has actually been trapped within the portrayed combination range(1.0500-1.1450)up until the current bullish breakout was executed above 1.1450. The existing bullish breakout above 1.1450 enables a quick bullish advance towards 1.2100 where price action need to be watched for obvious bearish rejection and a legitimate OFFER Entry. Daily Outlook In January 2017, the previous drop reversed when the Head and Shoulders pattern was established around 1.0500. Ever since, obvious bullish momentum has been expressed on the chart.As anticipated, the continuous bullish momentum permitted the EUR/USD pair to pursue additional bullish advancetowards 1.1415-1.1520( Previous Daily Supply-Zone). The daily supply zone failed to stop briefly the continuous bullish momentum. Instead, apparent bullish breakout is being seen on the chart. The next Supply level to satisfy the pair lies around 1.2100(Level of previous multiple bottoms )where bearish rejection and a legitimate OFFER entry can be anticipated.On the other hand, If bearish pullback persists listed below 1.1800 and 1.1700, the price zone of 1.1415-1.1520 can be expected a valid BUY entry The product has actually been offered by InstaForex Company –

By | September 18, 2017

Leave a Reply

Your email address will not be published. Required fields are marked *