Here’s the Key Levels in the EUR/USD for Monday - Forex News by FX Leaders

Here’s the Key Levels in the EUR/USD for Monday

Posted Monday, October 16, 2017 by
Rowan Crosby • 1 min read

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
EUR/USD – 240 min Chart.
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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.
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