AutoChartist Informe de Forex (Eur) 15.10.2018
The EURUSD pair has broken out of a symmetrical triangle towards the upside on a 30 minute time frame. If this pattern does play out completely, then it could push the price near the minor resistance level. The price is also trading above the 50 day and 100 day moving average.
However, the RSI is giving us slightly two mixed signals. If we consider the green line on the RSI indicator, it suggests that there is a deflection between the price action and the RSI, as the price has made a lower low but the RSI has just a double top. On the other hand, if we consider the purple line on the RSI, it suggests that the bias is towards the upside as it is trading in line with the price action.
Support Zone
1.2865-1.2841 Major
1.2912-1.2898 Minor
1.2969-1.2952 Minor
Resistance Zone
1.3191-1.3239 Minor
1.3282-1.3328 Major
Please feel free to ask any questions or leave comments. As always we will answer as quickly as possible. Also visit us on Facebook. Have a good trading day.
DISCLOSURE & DISCLAIMER: THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY AND NOT TO BE CONSTRUED AS SPECIFIC TRADING ADVICE. RESPONSIBILITY FOR TRADE DECISIONS IS SOLELY WITH THE READER. Ava Capital Markets Ltd (“AVA Trade”) is regulated by the Central Bank of Ireland
Related posts
