FX:EURUSD   Euro / US-Dollar
99 0 2
Current trend
Since today’s opening, the Euro             is falling.
The focus of the markets today is the ECB meeting where the regulator is going to decide on interest rates change in the eurozone. Majority of economists think that rates and monetary policy will remain unchanged at the current 0.05%. The ECB could take a break and wait for the interest rate decision in the US from the Fed that is going to be made on 28 October. However, ECB President Mario Draghi may hint on the QE program expansion in the eurozone in the light of the most recent data showing lack of inflation growth.

Support and resistance
On the daily chart , the price has formed a contracting triangle pattern with its bottom side at the levels of 1.1210, 1.1110 that form a support zone together with the levels of 1.1285 (23.6% Fibonacci correction), 1.1255. If this zone gets broken, the pair could fall to July lows at 1.0800.
The pair returned inside the range between the levels of 1.1380 (EMA200) and 1.1255 (EMA44 on the daily chart ), while a resistance level at 1.1500 (EMA50 on the weekly chart) remained untouched.
On the 4-hour and daily charts , OsMA and Stochastic recommend short positions.
Support levels: 1.1285, 1.1255, 1.1210, 1.1135, 1.1085.
Resistance levels: 1.1380, 1.1450, 1.1500.

Trading tips
Pending sell orders can be placed at the level of 1.1290 with targets at 1.1255, 1.1210, 1.1135 and stop-loss at 1.1340.
Pending buy orders can be placed at the level of 1.1355 with targets at 1.1400, 1.1455, 1.1500, 1.1550, 1.1590 and stop-loss at 1.1320.
More analytic from LiteForex:
English https://www.liteforex.com/blog/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
You can choose any language on our site
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden