EUR/USD analysis for October 10, 2018


Recently, the EUR/USD pair has been trading sideways at the price of 1.1488. According to the H1 time – frame, I found a breakout of the key supply trendline in the background, which is a sign that buyers are taking control. I also found the successful test of the supply after the breakout, which is another sign of strength. My advice is to watch for buying opportunities. Take profit levels are set at the price of 1.1550 and at the price of 1.1590.

The material has been provided by InstaForex Company -