These are the Key Levels in the Euro for Wednesday - Forex News by FX Leaders

These are the Key Levels in the Euro for Wednesday

Posted Wednesday, October 11, 2017 by
Rowan Crosby • 1 min read

The EUR has broken to the upside, on the back of some bullish news and a weaker than expected USD. I said yesterday that if we pulled above the 1.1800 level the chart will start looking a little more neutral in the short-term. I think that we have to wait out and see what the FOMC minutes will bring as it will likely dictate much about what happens.

When the market is waiting on big news, it’s good to be ready and waiting for opportunities with some key support and resistance levels in mind. It allows you to make quick decisions and get better entries.

My bias is still bearish and I’ll be looking for any spikes to sell at these resistance levels.

Key Support and Resistance Levels

Support

Resistance

1.1700

1.1832

1.1662

1.1850

1.1623

1.1932

EURUSD

EUR/USD – 240 min Chart.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of