EUR USD Technical Analysis October 12, 2018

The EUR rose 0.65% against the USD on Thursday and closed at 1.1592. Today in the European session while EUR USD technical analysis October 12, 2018 is preparing at 10:15 GMT, the pair is trading at 1.1577, which is 0.13% lower from yesterday’s closed.

EUR USD technical analysis 12 October 2018

The pair is expected to find support at 1.1540 and a fall through could take it to the next support level of 1.1488. The pair is expected to find its first resistance at 1.1621, and a rise through could take it to the next resistance level of 1.1650. For today the expected trading range is between 1.1540, Support and 1.1650 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 1.1540, Support 2: 1.1488, Support3: 1.1460
Resistance Levels: Resistance 1: 1.1621, Resistance 2: 1.1650, Resistance 3: 1.1700

EUR/USD Buying Opportunity for Intraday Trading October 12, 2018

Buy near the support area 1.1540 and 1.1488 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.

EUR/USD Selling Opportunity for Intraday Trading October 12, 2018

Sell near the resistance area 1.1621 and 1.1650 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

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