empty
 
 
01.11.2019 09:52 PM
EURUSD reverses short-term trend as expected respecting support at 1.11-1.1070.

EURUSD was expected to move higher from the key support of 1.1070. Price has managed to recapture 1.11 and is now trading above 1.1150. EURUSD remains inside the short-term bullish channel targeting 1.12 to 1.1250.

This image is no longer relevant

Black line - support trend line

Red line -RSI resistance

EURUSD continues to make higher highs and higher lows in the 4 hour chart. the RSI has broken its resistance trend line. We find support at 1.1130 which was short-term resistance and next at 1.1073 this week's lows.

This image is no longer relevant

Green lines - bullish channel

As EURUSD continues to trade inside the bullish short-term channel we focus on the next Fibonacci resistance at 1.12 (61.8% retracement) and at 1.1250-1.1260 (upper channel boundary). As long as price is inside the channel we remain bullish. Price reversed to the upside from 1.1070 and this is where bulls should protect their profits.

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 $10000 more!
    In January we raffle $10000 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