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Charts and Technical Update 17 Oct | Globalforex.net

As we can see from the EUR/USD chart, the pair rallied nicely after it passed 1.3520 barrier. For this week, we expect a range between 1.3996 or 1.4044 and 1.3686 or 1.3516. We should watch the price movement during Monday and Tuesday because that will show us how the week will end. News from the eurozone will dominate the headlines probably and the market will decide where to go. A weekly close above 1.4100 will make EUR/USD climb to 1.4350. and a weekly close below 1.3516 will push the pair to 1.3200 levels.

 

EUR/USD Chart 4H

 

Don’t forget to check our weekly technical analysis videos and CoT report (Commitment of Traders, CTFC) pages!

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