Boom, the Target Hits @ 1.1180 from previously suggested trade, Hope you guys enjoyed it

EURUSD traded in a daily range of 72 pips with a high of 1.1141 and a low of 1.1130 on Monday. It concluded the day well below the 61.8% Fibonacci retracement level at 1.1142. Fundamentally, The numbers released by Eurozone were better than anticipated but not strong sufficient to support the pair. Low impacted economic figures released by Eurozone includes: Italian Production m/m, Trade Balance, and Sentix Investor Confidence. Besides, the volatility remained very light as the US banks remained off in the notice of Columbus Day.

Today on Tuesday, the investors are suggested to observe the subsequent events:

German ZEW
Economic Sentiment

NFIB Small Business Index

Technical Overview:

EURUSD is expected to linger beneath a Fibonacci 61.8% support come resistance level of 1.1145 and likely to maintain selling trend in the market. The significant resistance is however seen around 1.1185, while more sellers are appearing at 1.1220 and another support is still found at 1.1105 and at 1.1075.

Daily Trading Range:

1.1310 – 1.1025

Daily Support & Resistance Levels

R3: 1.1227
R2: 1.1200
R1: 1.1183
Pivot Point: 1.1157
S1: 1.1130
S2: 1.1113
S3: 1.1087

Trading Recommendation:
Good to Buy Above: 1.1108
Take Profit:
1st @ 1.1145
Stop Loss @ 1.1085


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