EURUSD Technical Analysis October 4th

FX:EURUSD   欧元/美元
62 0
EURUSD Technical Analysis Daily Chart

As we saw yesterday, there is a strong support at 1.17100. This level has been tested several times but could not be broken. This level is the Fibonacci Retracement 76.40% and acts as a strong support.

Price is inside the cloud. Tenkansen Conversion Line and MA50 are at the same level of 1.18450 as a strong resistance.

So we can see that there is a zone between 1.18450 and 1.17000 which we can call indecisive zone.

RSI is in oversold area, this may indicate that the price can move towards 1.18450.

EURUSD Technical Analysis H4 Chart

Price is below the cloud and we can see the pressure here. The border of the cloud, Fibonacci retracement 76.40% of H4 chart and MA50 sets a resistance in 1.18000- 1.18200 zones.

As a summary:

We can not talk about the continuation of upwards price movement as long as the price holds below 1.18500.
We can not talk about the continuation of downward price movement till the price makes H4 closings below 1.17000.
We will use upwards price movements towards 1.18000- 1.18200 as a sell opportunity with SL 1.18550

We will use downwards price movements towards 1.17300 – 1.17100 as a buying opportunity with stop loss at 1.16850
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出