EURUSD Technical Analysis 2015, 11.10 - 18.10: bullish reversal

Daily price is on bullish reversal condition for breaking 1.1326 resistance level from below to above with the following key support/resistance levels:

• 1.1713 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart;
• 1.0924 key support level located far below Ichimoku cloud in the primary bearish area of the chart.
  

Intermediate s/r levels for this pair on the way to the key s/r are the following:

• 1.1459 resistance located near the border between the primary bearish and the primary bullish trend on the daily chart, and
  
• 1.1086 bearish support level.
  

D1 price - breakout:

• Tenkan-sen line is crossing Kijun-sen line for bullish reversal.
• Absolute Strength indicator's data is estimating the bullish breakout.
  
• Chinkou Span line is indicating the breakout by direction.
• 'Reversal' Sinkou Span line as the border between the primary bullish and the primary bearish on the chart is crossed by the price from below to above for possible reversal of the price movement from the primary bearish to the primary bullish market condition.
• Nearest support levels are 1.1086 and 1.0924.
• Nearest resistance levels are 1.1459 and 1.1713.

If D1 price will break 1.1086 support level on close D1 bar so the bearish market condition may be started.
If D1 price will break 1.0924 support level on close D1 bar so we may see the bearish breakdown.
If D1 price will break 1.1459 resistance level on close D1 bar so the bullish breakout be continuing up to 1.1713 as the next bullish target.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1.1459 for possible buy trade
• Recommendation to go short: watch D1 price to break 1.0924 support level for possible sell trade
  
• Trading Summary: breakout
  

SUMMARY : breakout