Technical analysis of EUR/USD for October 3, 2018
October 3, 2018 8:23 amVideo
Latest News
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
- EUR/USD: trading tips for beginners for European session on May 3 May 3, 2024
- Technical Analysis – WTI futures break below 200 day-SMA May 3, 2024
- Hot forecast for EUR/USD on May 3, 2024 May 3, 2024
- Key events on May 3: fundamental analysis for beginners May 3, 2024
- Trading plan for GBP/USD on May 3. Simple tips for beginners May 3, 2024
- Trading plan for EUR/USD on May 3. Simple tips for beginners May 3, 2024
- Forecast for EUR/USD on May 3, 2024 May 3, 2024
- Forecast for GBP/USD on May 3, 2024 May 3, 2024
- Forecast for USD/JPY on May 3, 2024 May 3, 2024
- The euro did not understand the Fed’s signals May 3, 2024
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
EUR/USD has touched the support trend line we showed yesterday for the 8th time and prices bounced strongly from 1.1505 to 1.1590. Price is making higher highs and higher lows in short time frames. Bulls need to hold above 1.1534 in order for the bullish short-term trend to remain intact.
Red line – major resistance
Blue line – major support
EUR/USD is bouncing. Next resistance is at 1.1630. Support is at 1.1530-1.15. The bounce will continue higher as long as price is above 1.1530. I expect EUR/USD to move higher over the coming weeks above the red trend line resistance. The recent low could be an important one, but this will be more certain if price breaks above 1.1630.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: