Forex Analysis: 29 Sep 2019, 23:50 UTC+00

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Trading plan for EURUSD for September 30, 2019

Technical outlook:

The EURUSD is seen to be trading around 1.0930/35 levels at the moment. After printing intraday lows at 1.0900 levels last Friday, it might be setting up to push above 1.0967 levels which is initial price resistance. A break would be the first step to confirm that a meaningful bottom is in place at 1.0900 levels and that the pair is heading towards 1.1450. The ending diagonal structure described in the video is a terminating pattern and a swift reversal in trend is expected after that. It is to be seen how price action develops during the next foe hours or days to confirm a bullish reversal ahead.

Trading plan:

Aggressive long against 1.0850

Good luck!


Performed by
analytical expert: Oscar Ton
InstaForex Group © 2007-2020
 Published: 29 Sep 2019, 23:50 UTC+00

 
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