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Monday, October 18, 2021

EURUSD📈Breaking through strong support?❗

EURUSD📈Breaking through strong support?❗

EUR / USD continues to move within the correction and the downward channel . Moving averages indicate a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from the European sellers and a potential continuation of the fall in asset quotes from the current levels. At the time of the publication of the forecast for the Euro / US dollar rate is 1.1582. As part of the Forex forecast for October 18, 2021, we should expect an attempt to develop a price correction and test the resistance level , which is on the pair near the 1.1615 area. Further, a rebound down and the continuation of the fall. The potential target of such a movement is the area below the level of 1.1325.

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from TradingView Ideas
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