Intraday technical levels and trading suggestions for EUR/USD for October 1, 2018 888011000 110888 On the weekly chart, the EUR/USD pair is showing a high-probability Head and Shoulders reversal pattern where the best shoulder is presently in progress( current bearish engulfing weekly candlestick ). Recently, the price level of 1.1500 provided short-term bullish recovery . Another bullish motion was shown to the ceiling of the rate range( 1.1750). However, the EUR/USD bulls cannot pursue to higher bullish targets. Rather, obvious bearish rejection is being demonstrated on the everyday chart. Current bearish motion is currently taking place towards 1.1520 (the lower limitation of the consolidation range). When it comes tothe bearish side of the marketplace to be dominant, the EUR/USD pair should have the ability to press listed below 1.1520. The first bearish target would lie around 1.1420.Otherwise, the EUR/USD set stays caught within the portrayed consolidation variety(1.1520-1.1750)if no strong bearish pressure is applied against 1.1520. The material has actually been supplied by InstaForex

By | October 1, 2018

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