EURUSD Daily Forecast Oct 09 2018

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EURUSD: Under Pressure But Around Critical Support!

As long as 1.1530 resistanceĀ holds on a daily closing basis, the EURUSD remains on the downside to the 1.1478 levels, a halt is likely but a cut would open 1.1407 levels, further down, support comes at the 1.1350 levels.

On the upside, a failure to hold below the 1.1478 levels on a daily closing basis could mean a return to the 1.1530 levels, above that level sees a recovery risk to the 1.1590 levels, further upside, resistance comes at the 1.1668 levels.

A failure to hold below 1.1478 levels on a daily closing basis could mean a return to the 1.1530 levels.

Conclusion: The EURUSD continues to face downside threats below 1.1530 levels, above 1.1530 sees a recovery threats to the 1.1590 levels…

Support : 1.1478, 1.1407, 1.1350, 1.1290

Resistance: 1.1530, 1.1590, 1.1668, 1.1756

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