the daily chartist

EUR/USD recap for 29.09; 30.09; 01.10.2015

published 5 years ago

 The euro for the past three days has been in very tight range between the strong resistance level on top at 1.12897 and the support on the bottom at 1.11436. So far the price is still far from testing 1.10767 and the daily, still intact, trend line. Still my personal hypothesis remains that the euro turns more into a sideways price movement, behaving in a flat manner and in time it will push beyond the trend line, but sideways. I suppose the price will move between 1.10767 and 1.15161 as time progresses and economic events and news reveal themselves.