Technical analysis of EUR/USD for October 12, 2018 888011000 110888 EUR/USD has rallied above 1.16 and is now trading right below it. Rate has actually reversed to the upside simply above our target location of 1.1420-1.14. Cost has up until now exceeded the 38% Fibonacci retracement of the decrease. A pullback towards 1.1550 is probable before more benefit a minimum of towards 1.1670. Short-term assistance is at 1.1550-1.1530. Resistance is at 1.1630 and next at 1.1670. Short-term trend is bullish. Price has actually made an essential low at 1.1432. Breaking listed below this level is not likely however if it occurs we ought to expect prices to fall listed below 1.14 towards 1.13. Breaking above the 1.1670 resistance will break the ice for a move above 1.18. The product has been provided by InstaForex

By | October 12, 2018

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