FX.co ★ Technical analysis and trading recommendations for the EURUSD currency pair as of October 11, 2017

The EUR / USD currency pair is trading in a moderate volatility, reaching a key range of 1.1820 / 1.11840. As previously discussed in the trading plan, the prices worked off the level of 1.1650, returning to the resistance level range of 1.1820 / 1.1840. We can assume for a probable slowdown in the current range at 1.1820 / 1.1840, where "bears" will try to return to the market. In the case that the forecast coincides, we are expected to reverse the movement towards the 1.1770 - 1.1710 values.

But at the same time, traders should be looking at long positions, if the "bullish", it will open up the way to 1.1880 / 1.1900.

Key Levels

Resistance zones 1.1840 / 1.1820; 1.2000; 1.2070.

Support zones 1.1710; 1.1650.

Signal

- It is recommended to buy the pair after the price is clearly fixed above 1.1840, with an expected move to 1.1880 / 1.1900.

- Selling the pair is recommended at the price below 1.1790, with the prospect to move at 1.1770 - 1.1710.

Attention: Predictions are not a direct action to action!

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