Daily Analysis 18/10/2021

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY EUR/USD

Support & Resistance: S1: 1.152
From the daily chart, price is at the resistance level of the downtrend.

 

H4 EUR/USD

Support & Resistance: S1: 1.152
From the H4 chart, traders can trade short positions to gain profit from downtrend continuation.

 

TRADING TIPS


Short Position

1.16

1.154

1.164