EUR/USD Current Price: 1.4740. Euro started the week well bid, with a bullish tone both in 1 and 4 hours charts. Hourly indicators are giving continuation signals, with current candle opening above 20 SMA, suggesting more upside to come; 4 hours ascendant trend line coming from 1.4560 low remains valid as no 4 hours candle opened under it.
“Japan will remain close on holiday, yet regional markets likely rise following past Friday’s Wall Street gains; expect movements to remain moderate during current session,”
Support levels: 1.4710 1.4685 1.4660. Resistance levels: 1.4750 1.4785 1.4820.
EUR/USD (Oct 12 at 06:41 GMT)
H 1.4742 L 1.4674
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4617 | 1.4654 | 1.4690 | 1.4704 | 1.4741 | 1.4778 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Oct 12 at 06:30 (15-minute timeframe) |
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