Sponsors

EURUSD Daily Analysis - September 29, 2016

Short Term Forex Analysis | by ForexCycle.com | Thursday, 29 September 2016 03:25 UTC
EURUSD is now in short term downtrend from 1.1279. Deeper decline to test 1.1123 key support is possible, and a breakdown below this level will indicate that the longer term downtrend from 1.1366 (Aug 18 high) has resumed, then next target would be at 1.1000 area. Resistance is at 1.1279, only break above this level will indicate that the sideways movement in a range between 1.1123 and 1.1326 is complete, then the following upward movement could bring price to 1.1500 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.

Sponsors

Subscribe to Newsletter

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