EUR/USD analysis for October 15, 2018

analytics5bc4663692a7b.png

Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1610. According to the H1 time – frame, I found the breakout of the bullish flag pattern in the background, which is a sign that buyers are in control. The price rejected from the Fibonacci retracement 38.2% at the price of 1.1542, this is another sign of the strength. My advice is to watch for buying opportunities. The upward take profit levels are set at the price of 1.1637 and at the price of 1.1705.

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company - www.instaforex.com