Wednesday, October 31, 2018

EUR / USD 1.14200 is still possible but our main target 1.18


Looking at the chart, the pair remained at the top of the 1.12 break point, based on the first strong support at 1.130 and succeeded in breaching the bearish trend on the MACD. The pair is now the highest point of the target targeting the initial resistance 1.134 and is likely to surpass it during today's trading
The pair will test the third resistance area at 1.138, which is only the beginning of ascertaining bullish behavior. The first target at 1.142 is just a target that needs to be reached to move the stop loss to 1.13 but the main targets remain at least 1.18 areas

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