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EUR/USD Forecast October 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 22 October 2015 08:23 UTC

The EUR/USD pair went back and forth during the day on Wednesday as we continue to see quite a bit of volatility. This is not a surprise though, we have an interest rate announcement coming out of Brussels today. We look at any pullback at this point in time as potential value that we can take advantage of, as the ascending triangle that had formed previously has an uptrend line below that should keep this market somewhat positive over the longer term. If we can break above the 1.15 level, we feel that the longer trend will have changed at that point in time.

 

 

 


 

 

 

 

 

EUR/USD Forecast October 22, 2015, Technical Analysis

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