EURUSD Daily Analysis - September 21, 2016

Short Term Forex Analysis | by ForexCycle.com | Wednesday, 21 September 2016 07:21 UTC
EURUSD is testing 1.1123 support, a breakdown below this level will confirm that the downtrend from 1.1366 has resumed, then next target would be at 1.1000 area. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.1326 could be expected to continue. Key resistance is at 1.1213, only break above this level could bring price back towards 1.1400.

eurusd chart

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