logo

FX.co ★ Technical analysis of EUR/USD for September 30, 2015

Technical analysis of EUR/USD for September 30, 2015

Technical analysis of EUR/USD for September 30, 2015

Technical outlook and chart setups:

The EUR/USD pair is drifting sideways now and remains unchanged from yesterday, testing the 1.1200 levels. Please note that the pair could still push higher through the resistance line at the 1.1350 levels, before turning lower. It is hence recommended to remain long for now with risk at the 1.1100 levels. Immediate support is seen at 1.1100 levels followed by 1.1000 and lower, while resistance is seen at 1.1350 levels followed by 1.1450 and higher respectively. Bulls remain in control till prices stay above the 1.1100 levels.

Trading recommendations:

Remain long for now, stop is at 1.1100, target is open.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account