The euro hesitated, but still slowed down. The bulls, in turn, took a break and retreated, while the opponent failed to do more. The main findings and expectations stated yesterday remain relevant. The support zone, which can influence the distribution of the current favors, is still located at 1.1812 – 1.1752 (daily cloud + daily cross + weekly Tenkan), and the nearest upward pivot point is at 1.1881 – 1.1929. As for bears, we can note the next goals located at 1.1688 and 1.1602-12, in case of breaking through the level of 1.1752.


The key levels in the smaller time frames are united at the level of 1.1812, which is strengthened by the bigger time frames. A consolidation below which will allow players to think about declining, particularly to the lower limit of the daily cloud and weekly Tenkan of the daily time frame. The support levels are located today at 1.1782 – 1.1749 – 1.1719. If we maintain these key levels (weekly long-term trend 1.1813 + central pivot level 1.1812) as a support, it will allow us to recover our bullish positions. Meanwhile, the resistance levels within the day are the classic pivot levels 1.1845 – 1.1875 – 1.1908.



The bulls held their reached positions and continued to rise. The all-time level of 1.32 on the daily and smaller TFs turned into support. Now, the next upward goals are 1.3350 (lower limit of the monthly cloud) and 1.3481 (extreme high). The support role is also currently performed by 1.3077 (upper limit of the daily cloud + daily cross) and 1.2932 (weekly Tenkan + Fibo Kijun + lower limit of the daily cloud).


At the moment, the bulls are taking advantage of the upward trend. The upward goals within the day are the resistances of the classic pivot levels, which are located today at 1.3313 – 1.3356 – 1.3436. If the correction develops, we can reach the key supports at 1.3233 (central pivot level) and 1.3133 (weekly long-term trend). The nearest support can be noted at 1.3190 (S1).

Ichimoku Kinko Hyo (9.26.52), Pivot Points (classical), Moving Average (120)

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.