Burning forecast 04/10/2018
EURUSD: there is a down trend signal.
On the night of Wednesday to Thursday at an inopportune time for strong movements, the EUR/USD rate broke down (on the second attempt) the strong resistance level of 1.1500 and consolidated below.
Technically, this is a strong signal to move down.
The first goal is the lows of the year at 1.1300.
An alternative option is a turn up and in case of growth above 1.1625 - return to the range - and then an attempt to grow to 1.1800 and above.
We keep selling euros from 1.1503, stop 1.1548, target of 1.1300.
Alternative: buy from 1.1800 when breaking up.
The material has been provided by InstaForex Company -
www.instaforex.com