AutoChartist Report Forex (Eur) 15.10.2018
The EUR/USD pair has formed a symmetrical triangle pattern on a 30 minute time frame. The symmetrical triangle patterns usually break out in the direction of the trend and in this scenario if this pattern does break out towards the upside it could easily push towards its resistance level. The pair is trading below the 50 day (shown in green) but above the 100 day (shown in yellow) moving averages which confirms that the bulls are still in control of the price action.
The RSI is trading inline with the price with the price action which means that the bias could be to the downside.
Important Levels
Resistance Levels
1.3599-1.3567 Major
1.3518-1.3490 Minor
Support Zone
1.3189-1.3165 Major
1.3073-1.3048 Major
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