Intraday technical levels and trading recommendations for EUR/USD for October 3, 2018 888011000 110888 On the weekly chart, the EUR/USD pair is demonstrating a high-probability Head and Shoulders turnaround pattern where the ideal shoulder is presently in progress( current bearish engulfing weekly candlestick ). Recently, the cost level of 1.1500 offered short-term bullish healing . Another bullish motion was demonstrated towards the upper limit of the cost variety( 1.1750). The EUR/USD bulls stopped working to pursue towards greater bullish targets. Rather, evident bearish rejection is being shown on the everyday chart. Current bearish motion is currently happening towards 1.1520 (the lower limit of the combination variety). As forthe bearish side of the market to be dominant, the EUR/USD pair need to have the ability to press below 1.1520. The very first bearish target would lie around 1.1420.Otherwise, the EUR/USD set remains caught within the depicted consolidation variety(1.1520-1.1750)if no strong bearish pressure is applied against 1.1520. The material has been provided by InstaForex

By | October 3, 2018

Leave a Reply

Your email address will not be published.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