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Forex, daily technical levels

EUR/USD

Technical point of view we are the opinion that a next lower down swing will probably occur to that pair in the coming time; the probable levels for that next down swing will be around 1.145xx – 1.152xx . Anyway in a frame of our daily analysis, we will focus on the daily technical levels. At the lower TF H1, EUR/USD is currently  trading above its PP@1.16250 in the Asia trading session. A further higher up swing can be occurred for the day at R2@1.17080 and DMA50@1.17300. Level to consider for a long is the last peak @ 1.16578, at which a breakout will lead that pair to its above R2 mentioned destination. On the flip side, a break down the S1@1.159xx will push EUR/USD to a next lower lows.

Take your look at the table and depicted chart for more info:

Date 

 

Supply

 

Demand

Pivot Point

DMA50

DMA200

Tuesday, October 31, 2017 R1 1.16761 S1 1.15921 1.16255 1.17332 1.18031
R2 1.70801 S2 1.15411
R3 1.17601 S3 1.15091

Trade well!

 

Makkaba team

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