EUR/USD Forecast October 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 11 October 2016 05:53 UTC
The EUR/USD pair fell significantly during the course of the session on Monday, crashing into the 1.1150 level. I believe that there is a significant amount of support just below there, so it is going to take quite a bit of effort to finally break down. However, I do think that’s how this pair is going and short-term rallies could offer selling opportunities going forward. Ultimately, this is a market that will more than likely reach towards the 1.10 level below. The purple triangle that I have on the chart being broken to the upside could be a bullish sign though.

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.