16.10.201916:30 Forex Analysis & Reviews: October 16, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

Since September 13, the EUR/USD has been trending-down within the depicted short-term bearish channel until signs of bullish reversal were demonstrated around 1.0880 (Inverted Head & Shoulders Pattern).

Shortly After, a bullish breakout above 1.0940 confirmed the mentioned reversal Pattern which opened the way for further bullish advancement towards (1.1000 -1.1020) where temporary bearish rejection and a sideway consolidation Range were demonstrated on October 7.

That's why, initial Intraday bearish pullback was expected towards 1.0940-10915 where another bullish swing was initiated.

The intermediate-term outlook remains bullish as long as the EUR/USD pair pursues its current movement above 1.0980 (Previous ascending Bottom).

Moreover, the current bullish persistence above 1.1000 (the depicted short-term uptrend line) should be maintained on a daily basis. Otherwise, sideway consolidations even a bearish pullback may be demonstrated 1.0940.

The short-term projection target remains projected towards 1.1065 and 1.1115.

Bullish persistence above 1.1065 is mandatory to enhance further bullish movement towards 1.1115.

Trade recommendations :

Intraday BUY entry was suggested around the recent bearish pullback towards the price levels of 1.1000 (the depicted short-term bullish uptrend). It's already running in profits.

Remaining T/P levels to be located at 1.1065 then 1.1115. S/L should be placed below 1.0960.

Voltar a lista

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.