empty
 
 
16.10.2019 04:43 PM
EUR/USD for October 16,2019 - Resistnace on the test, watch for selling opporunities

EUR/USD is trading higher exactly what I expected yesterday. The price did test my yesterday's upward target at 1.1060. EUR/USD is now near the critical point.

This image is no longer relevant

Orange rectangle – Important resistance levels

Yellow rectangle – Important support levels

EUR/USD is still trading inside of the upper channel but with the note that important resistance at 1.1060 is on the test. I would not watch for long positions near the resistance. Watch for potential down rotation in order to find potential sell opportunity. Support levels are seen at the price of 1.1000 and 1.0950.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback