EURUSD and Dollar Index: monthly price levels for October 2017

Hello guys,

we hope you are trading well)
Let’s take a look to monthly resistance and support levels for EURUSD and Dollar Index.

According ForexTeam technical analysis, we see the following monthly price levels:

EURUSD

RESISTANCE = 1.1904-1.1942
SUPPORT = 1.1646-1.1590

If daily close price for EUR USD will be under 1.1794 than we are awaiting more bears pressure till price level 1.16

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DOLLAR INDEX

RESISTANCE = 94.6 – 94.74
SUPPORT = 92.89 – 92.34

If daily close price for Dollar Index will be above 93.27 than we are awaiting more bulls pressure till price level 94.6

P.S. ForexTeam sold EUR USD from 1.1835 and 1.1793 with TP1=1.16

EURUSD reached price level 1,1760

Hello guys,

In our weekly EURUSD report  last week we planned bearish pressure for EURUSD and we wrote about H&S figure on H4 time frame. ForexTeam traders were right and yesterday EURUSD price reached 1.1760 level.

From this price level we could see more bearish pressure (new leg down) going till 1.1660 price level, it is all possible because dollar index price could rise till 93.95.

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Stay tuned,
ForexTeam

EURUSD was punished after hawkish FED

EURUSD was punished after hawkish FED…

As we wrote some days earlier in ForexTeam report for EURUSD price behavior, the EURUSD price moved down after Yellen speach yesterday.

On H4 we saw H&S figure)  Follow our trading reports and you will be on board!

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