Technical analysis prediction for the 1st of October 2018

Instrument ; Eur usd

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; short position

price prediction ; 1.1200


weekly chart



Daily chart


Eur usd mkt trend is strongly bearish bias and technical view on the weekly chart suggest the currency pair will likely dip further as long term outlook remain bearish bias, Ema signal is downtrend, Rsi (31.68), macd signal is downtrend while on the daily chart, mkt trend remains bearish bias and i expect the currency pair to continue downtrend in coming months probably towards 1.1200 level, Ema signal is downtrend, Rsi (31.71), macd signal is downtrend and prediction for the 1st of October 2018 is 1.1200
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