EURUSD Technical Analysis Report – 14-10-2018
Weekly Chart (1.1557)
As per EURUSD weekly chart and analysis, we are expecting EURUSD to be range bound in between 1.2481 and 1.1457 for the next few weeks. EURUSD is in its long term downward trend as per monthly chart and major resistance remains at 1.2258 and 1.2481 levels. And major support for the currency pair remains at 1.1457 and 1.1294 levels. As the currency pair is trading near its major support as well as near to its short term support trend line, we are expecting EURUSD to appreciate from its current levels to 1.2258 levels in the next few days. Any breakouts of these support and resistance levels are important as breakouts may trigger further movement in the same direction.
Major Support and Resistance:
Resistance: 1.1583, 1.1837, 1.2088, 1.2258, 1.2481, 1.2613, 1.2770
Support: 1.1457, 1,1294, 1.1160, 1.0966, 1.0819, 1.0586, 1.0448, 1.0332
Major Support and Resistance:
Resistance: 1.1583, 1.1837, 1.2088, 1.2258, 1.2481, 1.2613, 1.2770
Support: 1.1457, 1,1294, 1.1160, 1.0966, 1.0819, 1.0586, 1.0448, 1.0332