Euro Dollar Market Commentary & Analysis October 4, 2019

The Euro Dollar, which had been hard-nosed by concerns the German economy could slide into a full-scale recession, has lost nearly 4% this year so far. We are mostly looking for pair to bottom more than a Euro Dollar recovery.

Euro Dollar Technical Analysis and Outlook

WTI Crude Oil

Click the Image to Enlarge

Euro Dollar did confirm Inner Currency Dip $1.0890 with Trade Selector Signal price-action-time-trademark symbol 'BARC.' The retracement phase in progress to Mean Res $1.1020, and/or Outer Currency Rally $1.1033, and/or Key Res $1.1072, respectively. The exit points are: Mean Sup $1.0950 and Key Sup $1.9000.

You might like these

  • Forex Market In The Chaos?

    Forex market is the leading market in the world due to roughly $6 trillion daily trading volume. Perhaps surprisingly, Deutsche Bank alone has over 20% of all the Forex market volume. No surprise that bank is far more exposed compared to any other banking institution

  • Forex Market: News, Analysis, And Ideas

    This Forex contextual information explores the importance of fundamental analysis and ideas for currencies and how you can engage in your due diligence before investing

  • Forex market and the interesting facts you need to know

    Forex market attracts more and more people to trade the market. Its specifics, dynamics and the profit generation opportunities turn it in a lucrative option for making more money