Technical analysis of EUR/USD for October 8, 2018 888011000 110888 EUR/USD bounced towards resistance location of 1.1530-1.1545 but got declined as soon as again. Bulls now try to hold rates above short-term support at 1.1480-1.15. Losing this location will break the ice for a relocation lower towards 1.14-1.1420. Red lines-bearish channel Blue line- short-term assistance Organge dots-medium strength resistance Red dots- maximum strength resistance EUR/USD remains inside the bearish channel because mid September. Short-term assistance is being challenged now at 1.1480-1.15. Break listed below this area and we are most likely visiting lower lows towards 1.1420-1.14.If bulls handle to hold support and break above 1.1550 we might see a larger bounce unfold towards 1.1650 which the medium-strength resistance on a day-to-day basis.The material has actually been provided by InstaForex

By | October 8, 2018

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