AutoChartist Report Forex (Eur) 15.10.2018
Technical Analysis
The EURUSD pair has completed its symmetrical triangle pattern which we predicted in our analysis and the price retraced from its resistance level which was also given in our analysis 8th May. The price is trading above the 100 day (shown in yellow) and the 50 day (shown in green) moving averages which suggests that the bias could be to the upside. The price action is also trading well above its rising trend line which means that the uptrend is intact. The RSI is also trading in line with the price action which suggests that the bias could be to the upside.
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
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