The Euro is Bullish: Here’s the Levels to Watch - Forex News by Strategia Forex

The Euro is Bullish: Here’s the Levels to Watch

Posted Thursday, October 12, 2017 by
Rowan Crosby • 1 min read

While we have been looking at a bearish Euro over the last few weeks, yesterday's USD weakness coupled with a bullish Euro has made us all have to reconsider where we’re at.

We’ve well and truly pulled back into the range where we have traded for a number of months. For now, the main thing will be to look for short-term opportunities where we can scalp off certain key levels.

The overall trend will start to take shape in today's European and U.S. sessions as traders can digest the FOMC minutes and what they think that means for U.S. interest rates going into the end of 2017.

 

Key Support and Resistance Levels

Support

Resistance

1.1736

1.1880

1.1700

1.1900

1.1663

1.1932

 
 
 
EUR
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