EURUSD Monthly Forecast Oct 2018


EURUSD: Bearish, Eyes The 1.1220 Levels!

As long as 1.1732 resistance holds on a monthly closing basis, the EURUSD remains on the downside to the 1.1219 levels in the long-term forecast. A halt is likely and it may turn higher from here, but a cut through support would open 1.0828, further down, support comes at the 1.0461 levels.

On the upside, resistance comes at the 1.1732 levels, above that level sees recovery threats to the 1.2083 levels (main) before another fall…

Conclusion: The EURUSD continues to face downside threats below 1.12083 levels in the long-term forecast.

Support:1.1509, 1.1219, 1.0828, 1.0461

Resistance: 1.1732, 1.2083, 1.2554, 1.2885

Hint: Look for selling opportunities near resistance levels during the month.