Here’s the Key Levels in the EUR/USD for Monday
The Euro has rallied thanks largely to a weak USD. The key area of interest for me today is the 200 SMA on the 4-hr chart. As you can see b
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Last updated: Monday, October 16, 2017
The Euro has rallied thanks largely to a weak USD. The key area of interest for me today is the 200 SMA on the 4-hr chart. As you can see below we have tested it twice now and bounced off.
Longer-term I suspect that we will continue to sell off so I want to ride that higher timeframe trend and look for opportunities to be selling.
Key Support and Resistance Levels
|
Support |
Resistance |
|
1.1736 |
1.1876 |
|
1.1700 |
1.1900 |
|
1.1663 |
1.1932 |
EUR/USD – 240 min Chart.
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ABOUT THE AUTHOR
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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.
