Skip to main content

EURUSD📈Breaking through strong support?❗

EURUSD📈Breaking through strong support?❗

EUR / USD continues to move within the correction and the downward channel . Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the European sellers and a potential continuation of the fall in asset quotes from the current levels. At the time of the publication of the forecast for the Euro / US dollar rate is 1.1582. As part of the Forex forecast for October 18, 2021, we should expect an attempt to develop a price correction and test the resistance level , which is on the pair near the 1.1615 area. Further, a rebound down and the continuation of the fall. The potential target of such a movement is the area below the level of 1.1325.

Have a nice trade!



from TradingView Ideas https://ift.tt/3AQTdOF
via gqrds

source https://www.smartmoneymanagement.info/2021/10/eurusdbreaking-through-strong-support.html

Comments

Popular posts from this blog

Forex Trading Platform Market 2021-2025 SWOT Analysis (Impact of COVID-19) with Competitive Players – FxPro, cTrader, ProRealTime, FXTM, IG, etc – Energy Siren - Energy Siren

Forex Trading Platform Market 2021-2025 SWOT Analysis (Impact of COVID-19) with Competitive Players – FxPro, cTrader, ProRealTime, FXTM, IG, etc – Energy Siren    Energy Siren source https://energysiren.co.ke/2021/11/15/forex-trading-platform-market-2021-2025-swot-analysis-impact-of-covid-19-with-competitive-players-fxpro-ctrader-prorealtime-fxtm-ig-etc/ source https://www.smartmoneymanagement.info/2021/11/forex-trading-platform-market-2021-2025.html