AutoChartist Report Forex (Eur) 15.10.2018
The EURUSD pair is trading deep in the minor resistance zone which is given below. The price action is breaking out of a bullish flag pattern, and if the price does violate this resistance level, then this could continue its trend towards the next resistance level. The Volatility for the pair remains low as the price is trading close to its moving average. However, the most important aspect is the RSI which is showing a clear sign of deflection between the price action and the RSI, which means that the bias could be towards the downside.
Important Levels
Support Zone
1.2865-1.2842 Major
1.2912-1.2898 Minor
1.2969-1.2952 Minor
Resistance Zone
1.3200-1.3169 Minor
1.3319-1.3282 Major
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