EUR/USD analysis for October 19, 2018

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Recently, the EUR/USD pair has been trading sideways at the price of 1.1467. According to the M30 time – frame, I have found that fake breakout of yesterday’s low at the price of 1.1448, which is sign that sellers got trapped. I also found the bullish breakout of 3H balance, which is another sign of strength. My advice is to watch for buying opportunities. The upward take profit levels are set at the price of 1.1500 and (R1) and at the price of 1.1525 (yesterday’s high).

The material has been provided by InstaForex Company – www.instaforex.com

Source:: EUR/USD analysis for October 19, 2018

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