EUR/USD analysis for October 05, 2018 888011000 110888 Just recently, the EUR/USD set has actually been trading sideways at the price of 1.1505. According to the M30 time– frame, I discovered the possible end of the down correction(abc flat) in the background, which is a sign that selling looks dangerous. My guidance is to expect a potential breakout of the supply trendline to verify a more upward movement. I placed Fibonacci growth tool to find prospective upward targets. Upward take earnings levels are set at the rate of 1.1565( FE 100 %) and at the cost of 1.1610(FE 161.8 %). There is also a phony breakout of the yesterday’s low at the price of 1.1492, which is another indication of the strength.Trading suggestion: Watch for opening buy deals above the supply trendline.The product has been supplied by InstaForex

By | October 5, 2018

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