Forecast by Marius Ghisea – EUR/USD (October 31- November 4)

The stochastic oscillator and the MACD indicate an uptrend for EUR/USD currency pair. According to the daily chart, if the price hits EMA 50 (1.1084), the next target may be FIBO 0.61 (1.1248). The second target for the price may be 1.1530, in order to form a triangle in the medium long term.

eurusddaily-page-001

The MACD confirms an uptrend for this pair, according to the 8 hour chart. The EUR/USD pair is at a short term bottom. If this pair hits EMA 200 (1.1108) next target may be 1.1236 where is FIBO 0.50. Another target may be FIBO 0.61 (1.1327).

eurusd8h-page-001

 

Rate this post:
(2 votes, average: 4.50 out of 5)
Loading...

    Add your review

    Your email address will not be published.

      Recommended by ProfitF

    Forex Broker | Binary Broker | ForexVPS | FX-Signals | BO-signals

    Improve Your Trading Skills - Don't miss our new posts!

    ---