19.09.201813:29 Forex Analysis & Reviews: EUR/USD analysis for September 19, 2018

Long-term review

Exchange Rates 19.09.2018 analysis

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1714. According to the M30 time – frame, I found rejection of the pivot resistance 1 at the price of 1.1708, which is a sign that buying looks risky. I also found rejection from the upper Keltner band (resistance) and hidden bearish divergence on the 3/10 oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of 1.1651, 1.1636 and at the price of 1.1617.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert
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