EUR/USD going to 1.1108 while trading above 1.1062

Anton Kolhanov Anton Kolhanov

EUR/USD, Thursday forecast, October 17

The uptrend may be expected to continue, while pair is trading above support level 1.1067, which will be followed by reaching resistance level 1.1108.
An downtrend will start as soon, as the pair drops below support level 1.1062, which will be followed by moving down to support level 1.1033 and if it keeps on moving down below that level, we may expect the pair to reach support level 1.0987.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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