Trade: long
Target 1.183
EUR/USD is trading in the declining channel. The currency pair came to the most significant support level of 1.15 with the bullish divergence on the RSI chart. The RSI oscillator also shows that the pair is in the oversold zone. We expect a pullback to happen soon. After October 8th Non-Farm Payrolls announcement the price can touch 1.15 level, but it will bounce back right after.
Resistance levels: 1.1615; 1.1710; 1.1830.
Target 1.183
EUR/USD is trading in the declining channel. The currency pair came to the most significant support level of 1.15 with the bullish divergence on the RSI chart. The RSI oscillator also shows that the pair is in the oversold zone. We expect a pullback to happen soon. After October 8th Non-Farm Payrolls announcement the price can touch 1.15 level, but it will bounce back right after.
Resistance levels: 1.1615; 1.1710; 1.1830.