Forex trading strategy 10/15/2019

The DXY’s monday fall above 98.30 was supported by a rally below 98.55 and closed at 98.45, meaning the USD’s short-term correction is likely to remain a rally. If the DXY pullback is supported above 98.30 today, the target of the post-market rally will point to 98.55-98.65. Today, DXY short-term resistance at 98.50-98.55, short-term important resistance 98.60-98.65.Today DXY short-term support at 98.30-98.35, short-term important support at 98.20-98.25.

EUR/USD rose below 1.1045 on Monday, with a correction above 1.1010 and closing at 1.1031, meaning the EUR/USD short-term rally is likely to hold the correction. If EUR/USD bounces below 1.1045 today, the target of the post-market correction will point to 1.1015-1.1000. Today EUR/USD short-term resistance at 1.1040-1.1045, short-term important resistance at 1.1055-1.1060. Today EUR/USD short-term support is at 1.1015-1.1020, short-term important support is at 1.1000-1.1005.

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10/14/2019 Forex trading strategy

The DXY rebounded below 99.75 on Friday, falling above 98.15 and closing at 98.31, meaning the dollar is likely to remain lower after a short-term rally. If The DXY’s rebound today is held back below 98.65, the target for the market will fall at 98.10-97.85. Today, DXY short-term resistance at 98.60-98.65, short-term important resistance 98.90-98.95. Today DXY short-term support at 98.05-98.10, short-term important support at 97.85-97.90

The EUR/USD correction on Friday was supported by a rally above 1.1000, rising below 1.1065 and closing at 1.1043, meaning that the EUR/USD short-term correction is likely to remain up. If the EUR/USD correction is supported above 1.1010 today, the target for the post-market rally will point to 1.1070-1.1095. Today EUR/USD short-term resistance at 1.1065-1.1070, short-term important resistance at 1.1090-1.1095. Today EUR/USD short-term support at 1.1010-1.1015, short-term important support at 1.0975-1.0980.

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