AutoChartist Report Forex (Eur) 15.10.2018
Facebook is making all time high on a daily time frame. The stock is trading above the 50day (shown in green) and the 100 (shown in yellow) moving average which means that the bias could be to the upside. The volatility for the pair is also high, as the price is trading away from its 20day moving average and it is almost about to pierce the Bollinger band. The next major resistance according to the Fibonacci projection could be near the 61.60 zone which is mentioned below.
However, the RSI is trading in an over bought zone which means that the bias could be to the downside. Similar signals are shown by the CCI indicator.
Important Zone
Resistance
61.59-59.96 Major
Support
49.04-47.57 Minor
43.86-42.32 Major
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