AutoChartist Forex-Bericht (Eur) 15.10.2018
The EUR/USD pair is trading in a downward channel on a 30 minute time frame. The price is challenging the upper line of the channel which means that the bulls are trying to break this channel towards the upside. Moreover, the price is trading above the 50 day (shown in green) and 100day (shown in yellow) moving averages which further confirms that the bulls have taken the control and there is a change in momentum from the bears to the bulls.
The pair is also trading above the upward trend line ever since the price touched the support zone which confirms that the upward trend is still in play.
The RSI is trading in line with the price action which means that the bias could be towards the upside.
Important Levels
Resistance Level
1.3521-1.3488 Major
1.3393-1.3431 Major
1.3250-1.3214 Minor
Support Zone
1.2942-1.2916 Minor
1.2838-1.2820 Major
1.2770-1.2743 Major
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