empty
 
 
06.10.2020 02:26 PM
EUR/USD analysis for October 06 2020 - End of major downside correction and fresh new up swing in creation towards 1.1880
Pelosi said to say stimulus talks are going 'very slowly'

The report says that talks between Pelosi and Mnuchin are going 'very slowly', citing a source from Pelosi's conference call with Democratic leaders. There's not much else besides this but at least negotiations are still ongoing for later in the day.

The market built up some optimistic hope about talks going somewhere to start the week, so let's see if Pelosi and Mnuchin will meet those expectations.

As I discussed in the previous review, the EUR managed to complete the major downside correction ABC on the daily and it is ready for the new upside swing.

Further Development

This image is no longer relevant

Analyzing the current trading chart of EUR, I found that buyers are in control and that we got breakout of 3-day balance in the background.

1-Day relative strength performance Finviz

This image is no longer relevant

Based on the graph above I found that on the top of the list we got Gasoline RBOB and Nautral Gas and on the bottom Cocoa and VIX.

EUR is positive on the relative strength list...

Key Levels:

Resistance: 1,1880

Support level: 1,1700

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback