Eurusd october 26th 2018 analysis
EURUSD yesterday was as negative as 0.15%. While EURUSD upgraded to $ 1,1432 at the time of the European Central Bank press conference, we saw a fall in EURUSD. The $ 1,1432 bid was the backing of the dual floor market, which yesterday resisted the resistance. As seen on the EURUSD chart of the four-hour chart, yesterday, four-hour currencies ended up with a low of $ 1.14 a day and touched the next support at $ 1,1366 in bullish pins.
Since the EURUSD bullion bullion pillar has been backed up by support and within the weekly trading range of 1,1445-1.1312, it could point to a EURUSD upside down to $ 1.14 and a resistance of $ 1,1432. , Especially as the 4-hour RSI indicator is also entering the saturated range of sales and showing a bullish divergence. The only problem for the EURUSD upside back is a daily support of $ 1,1462, which is back in early 2015 and became a breakthrough on Wednesday. According to the EURUSD daily chart, the downside of the market is flat to the bottom of the August 15th at 1301 and support at 1.285.
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Price action strategy
If the EURUSD quadruple bullish pins operate, you can think of the EURUSD purchase deal. The four-hour resistance of $ 1,432 and the daily resistance of 1.1462 will be bullish on EURUSD. From vendors’ point of view, if the $ 1.14 could not limit upside movements, the $ 1,432 resistance and channel resistance of $ 1,1621 would be the best place to enter the deal. However, it should be noted that although the EURUSD daily chart is indicative of continued downtrend movements, the adjustments seen on the quarterly chart and weekly demand zone support the EURUSD bullish return.