Intraday technical levels and trading suggestions for EUR/USD for October 5, 2018 888011000 110888 On the weekly chart, the EUR/USD set is demonstrating a high-probability Head and Shoulders reversal pattern where the ideal shoulder is presently in progress( current bearish engulfing weekly candlestick ). Just recently, the cost level of 1.1500 provided short-term bullish healing . Another bullish motion was shown towards the upper limit of the price variety( 1.1750). The EUR/USD bulls stopped working to pursue towards higher bullish targets. Instead, apparent bearish rejection is being demonstrated on the daily chart. Recent bearish movement is currently taking place below 1.1520( the lower limit of the debt consolidation variety ). When it comes tothe bearish side of the market to be dominant, the EUR/USD set must have the ability to keep moving below 1.1520. Bearish target would be located around 1.1420. Otherwise, the EUR/USD set would stay trapped within the illustrated combination range(1.1520-1.1750)if no strong bearish momentum is shown listed below1.1520. The product has actually been provided by InstaForex Company-www.instaforex.com

By | October 5, 2018

Leave a Reply

Your email address will not be published.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