The EURUSD faces solid resistance – Analysis - 18-10-2021

2021-10-18 04:20:59 GMT (Economies.com)
 

The EURUSD pair finds difficulty to breach 1.1615 level, to fluctuate around the EMA50 that forms good support against the price, noticing that stochastic continues to fluctuate at the oversold areas.

 

Therefore, we believe that the chances valid to resume the expected bullish trend for the upcoming period, which its targets begin by breaching 1.1615 to confirm rallying towards 1.1670 followed by 1.1760 levels, taking into consideration that breaking 1.1545 – 1.1525 levels will stop the expected rise and press on the price to turn to decline.

 

The expected trading range for today is between 1.1530 support and 1.1680 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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