EURUSD Price Analysis – October 21
The EURUSD is trending below the horizontal zone at 1.1178 after losing some bullish momentum, earlier in the session the pair had attempted to push past the level at 1.1178 while recording the highest price in 5 weeks.
Key Levels
Resistance Levels: 1.1450, 1.1280, 1.1210
Support Levels: 1.1114, 1.1000, 1.0879
EURUSD Long term Trend: Bullish
On the daily after hitting the horizontal zone on the level at 1.1178, the FX pair is losing some bullish momentum however in the long term a rebound from the level at 1.0879 is seen as a corrective move first.
Meanwhile, the consecutive fall from 1.1412 (high) would resume at a later stage. However, a sustained break of the level at 1.1450 may erase its bearish outlook and bring a stronger rise past the level at 1.1450 and beyond.
EURUSD Short term Trend: Bullish
The continuous advance from the level at 1.0879 is in progress for the test of the level at 1.1412 key resistance next.
However, on the downside, below the level at 1.1114 minor support may likely turn intraday bias neutral and bring consolidations first, before the resumption of another rally. As at present, the EURUSD displays strength in the short-term bolstered by its long-term uptrend.
Instrument: EURUSD
Order: Buy
Entry price: 1.1114
Stop: 1.1000
Target: 1.1210
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.