Forex4you - Analytics

    Forex4you

    551.50 6.50/10
    60% of positive reviews
    Real

    Technical analysis for the EUR/USD – 20.10.2015

    Strong support at 1.1300/10 held back further decline, like expected. The price has consolidated around this barrier and is now traded at 1.1340/30. The situation in the market remains without changes. Indicators keep suggesting strengthening bearish potential. However, taking into account the upcoming ECB interest rate meeting, which gives reasons to take a pause and wait how it goes, and strong 1.1300 support, we can anticipate that the price will consolidate sideways within previously formed range of 1.1380-1.1300. The breakout of 1.1300/10 support will be a sign of strengthening bearish moods and the upcoming test of a strong 1.1230/20 support.

    EUR201015

     

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!

    Strong support at 1.1300/10 held back further decline, like expected. The price has consolidated around this barrier and is now traded at 1.1340/30. The situation in the market remains without changes. Indicators keep suggesting strengthening bearish potential. However, taking into account the upcoming ECB interest rate meeting, which gives reasons to take a pause and wait how it goes, and strong 1.1300 support, we can anticipate that the price will consolidate sideways within previously formed range of 1.1380-1.1300. The breakout of 1.1300/10 support will be a sign of strengthening bearish moods and the upcoming test of a strong 1.1230/20 support.

    EUR201015

     

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree