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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for October 10, 2018

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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 - www.instaforex.com