AutoChartist Forex-Bericht (Eur) 15.10.2018
The EUR/USD is trading near the support zone on a 30 minute time frame. The pair has pierced the Bollinger band at this level which means that the volatility for the pair is high. The piercing of the Bollinger band does have a significant importance when this takes place at an important level of support or resistance because this could reverse or pause the current trend.
However, the EUR/USD has broken its upward trend line which shows that the upward is no longer in play. The RSI is also trading inline with the price action which confirms that the bias could be to the downside.
Important Levels
Resistance Levels
1.3576-1.3570 Major
1.3544-1.3537 Minor
Support Zone
1.3512-1.3507 Minor
1.3465-1.3460 Major
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