empty
 
 
04.10.2018 11:38 AM
EUR/USD analysis for October 04, 2018

This image is no longer relevant

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1463. According to the M30 time – frame, I found potential end of the downward movement. The price broke the supply trendline in the background, which is a sign that buyers are in control. I also found that price rejected from the monthly support 1 at the price of 1.1480, which is another sign of potential strength. My advice is to watch for buying opportunities. Take profit levels are set at the price of 1.1558 (intraday resistance 1) and at the price of 1.1592 (yesterday's high).

Trading recommendations for today: watch for potential buying opportunities.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback