EUR USD Technical Analysis October 1, 2018
The EUR declined 0.31% against the USD on Friday and closed at 1.1602. Today in the European session while EUR USD technical analysis October 1, 2018 is preparing at 10:15 GMT, the pair is trading at 1.1590, which is 0.10% lower from yesterday’s closed.
In European session, data showed that the Eurozone annual core inflation (excluding energy, food, alcohol and tobacco price volatility and prices seen by the European Central Bank in its policy decisions) may fall from 1% in August to 0.9% in September 2018, below The market expects 1.1%.
Eurozone inflation rate: The annual inflation rate in the Eurozone is expected to reach 2.1% in September 2018, in line with the five-and-a-half-year high in July and market expectations. For energy and raw food, prices should rise at a faster rate.
When the European market opens, some economic data will release such us German Retail Sales m/m, Spanish Manufacturing PMI, Italian Manufacturing PMI, French Final Manufacturing PMI, German Final Manufacturing PMI, Final Manufacturing PMI, Italian Monthly Unemployment Rate
When the US market opens, some economic data will release such us FOMC Member Bostic Speaks, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Total Vehicle Sales
EUR USD technical analysis October 1, 2018
The pair is expected to find support at 1.1565 and a fall through could take it to the next support level of 1.1525. The pair is expected to find its first resistance at 1.1645, and a rise through could take it to the next resistance level of 1.11688. For today the expected trading range is between 1.1525, Support and 1.1645 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 1.1565, Support 2: 1.1525, Support3: 1.1482
Resistance Levels: Resistance 1: 1.1645, Resistance 2: 1.1688, Resistance 3: 1.1727
Previous day`s high: 1.1650
Previous day`s low: 1.1569
EUR/USD Buying Opportunity for Intraday Trading October 1, 2018
Buy near the support area 1.1565 and 1.1425 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
EUR/USD Selling Opportunity for Intraday Trading October 1, 2018
Sell near the resistance area 1.1645 and 1.1688 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.
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