Intraday technical levels and trading suggestions for EUR/USD for October 8, 2018 888011000 110888 On the weekly chart, the EUR/USD set is demonstrating a high-probability Head and Shoulders reversal pattern where the best shoulder is currently in progress(current bearish engulfing weekly candlestick). On September 10, the price level of 1.1500 offered short-term bullish healing . A quick bullish movement was demonstrated towards the ceiling of the rate range( 1.1750). Nevertheless, the EUR/USD bulls failed to pursue towards higher bullish targets. Instead, evident bearish rejection is being demonstrated on the day-to-day chart. Current bearish movement is presently occurring below 1.1520 (the lower limit of the debt consolidation variety ). As for the bearish side of the marketplace to be dominant, the EUR/USD pair must keep moving listed below 1.1520. The very first bearish target would be located around 1.1420 then 1.1275 if sufficient bearish momentum is demonstrated.On the other hand, re-closure above the rate level of 1.1520 brings the EUR/USD pair back inside the illustrated combination variety(1.1520-1.1750)up until breakout takes place in either direction.The product has actually been offered by InstaForex Company-www.instaforex.com

By | October 8, 2018

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