Technical analysis of EUR/USD for October 5, 2018 888011000 110888 Eurusd is attempting to break out above and out of the down sloping wedge pattern. Cost has short-term support at 1.1480 and resistance at 1.1545. Today we expect the statement of the US Non-Farm Payrolls one hour before the US markets open, so this need to increase volatility. Red lines -wedge pattern Red line -bullish divergence EUR/USD might still make one more brand-new lower low towards 1.1420 today before the huge upward reversal we are anticipating. Key resistance that if broken will make me forget the new lows scenario is at 1.1590. Just a break above this level will make me confirm that the low is in and that the entire decrease from 1.1815 is over. I’m prejudiced to the upside preferring bullish positions. Longer-term view is bullish where I will be running the risk of a break of 1.13(stop)for a relocation towards 1.19 and higher.The product has actually been offered by InstaForex Company- www.instaforex.com

By | October 5, 2018

Leave a Reply

Your email address will not be published.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