Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader


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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis: Intraday levels for EUR/USD, Oct 15, 2018

October 16, 2018 Analytics



When the European market opens, the eurozone’s economic calendar is empty. However, the US will release a batch of economic data such as Treasury Currency Report, Federal Budget Balance, Business Inventories m/m, Empire State Manufacturing Index, Retail Sales m/m, and Core Retail Sales m/m. So, amid the reports, EUR/USD will move with low to medium volatility during this day.


Breakout BUY Level: 1.1606

Strong Resistance: 1.1599

Original Resistance: 1.1588

Inner Sell Area: 1.1577

Target Inner Area: 1.1550

Inner Buy Area: 1.1523

Original Support: 1.1512

Strong Support: 1.1501

Breakout SELL Level: 1.1494

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all Traders or Investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

The material has been provided by InstaForex Company – www.instaforex.com


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