EUR/USD: 34 MA acting as resistance

EUR/USD: 34 MA acting as resistance

10-10-2017-EUR-H4.png

The 34 Moving Average is acting as resistance, but the market is likely going to reach the next resistance at 1.1822 - 1.1837 in the short term. If a pullback from this area happens, we could have a decline towards the nearest support at 1.1739 - 1.1714.

10-10-2017-EUR-H1.png

The price has been rising since a pullback from the downtrend happened. The main intraday target is the closest resistance at 1.1822 - 1.1831, which could be a departure point for a bearish correction.

eur

Similar

Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera