empty
 
 
31.10.2019 01:02 PM
Trading plan for EURUSD for October 30, 2019

This image is no longer relevant

Technical outlook:

The EUR/USD pair inched up closer to the level of 1.1179 level but could not break it today. We are presenting al alternate scenario here. It is quite possible that EURUSD bulls will complete a major boundary on the higher side from 1.0879 through 1.1180 as seen here. With prices failing to break past 1.1180, it remains possible that a flat correction might be underway and drag prices lower towards 1.1000 levels before turning bullish again. Please note that price resistance is at the 1.1250 level while strong support is at the 1.0879 level respectively. A counter trend drop will enable the pair to resume rally much higher. Thus, please take short-term profits on long positions for now and remain flat.

Trading plan:

Take profit on long positions for now and remain flat. Aggressive traders might want to go short against 1.0879 with target at 1.1000. Then long again.

Good luck!

Oscar Ton,
Analytical expert of InstaForex
© 2007-2024
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