EURUSD intraday technical analysis - 18/10/2017

EURUSD

1.17643 / 1.17646

SUMMARY

Down

TREND

Downward penetration

SENTIMENT

Bullish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Short term tendency is clearly on the negative side now. However, possible price appreciation above the resistance at 1.1781 (R1) would open a route towards to next targets at 1.1810 (R2) and 1.1838 (R3).
Downwards scenario: Surge lower the initial support level at 1.1736 (S1) could enable further bearish potential with next target in focus at 1.1705 (S2). Any further price downgrade would then be limited today to final support at 1.1675 (S3).

Resistance levels: 1.1781, 1.1810, 1.1838

Support levels: 1.1736, 1.1705, 1.1675