Forex Forum to Share, Discuss, Communicate and Trade Forex

EURUSD Backs Off Lower Prices, Trades Above 1.1716/00 Zone

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.
Image

EURUSD Backs Off Lower Prices, Trades Above 1.1716/00 Zone

Postby FXTechstrategy » Tue Oct 03, 2017 1:15 pm

EURUSD: With the pair backed off higher prices head of its key support zone at 1.1700 zone during Tuesday trading session today. While it trades above the 1.1716/00 zone, we expect a move higher to occur. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD continues to face further bear threats but with caution.


Image
FXTechstrategy
 
Posts: 256
Joined: Sat May 14, 2016 4:52 pm

Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Baidu [Spider], Bing [Bot], Google [Bot], Gozmit, Sininfinity, Yahoo [Bot]

cron