EURUSD Daily Analysis - September 19, 2016

Short Term Forex Analysis | by ForexCycle.com | Monday, 19 September 2016 02:22 UTC
EURUSD broke below 1.1198 support and continued its downward movement from 1.1326. Further decline to test 1.1123 support is possible after a minor consolidation, a breakdown below this level will confirm that the longer term downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at 1.1200, only break above this level could bring price back to 1.1400 zone.

eurusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.