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21.09.201813:49 Forex Analysis & Reviews: EUR/USD analysis for September 21, 2018

Long-term review

Exchange Rates 21.09.2018 analysis

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1802. Anyway, according to the M30 time – frame, I found the fake breakout of yesterday's high at the price of 1.1784, which is a sign of weakness. I also found a hidden bearish divergence on the MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1740 and at the price of 1.1720.

Blue line – expected price path

Trading recommendations for today: watch for potential selling opportunities.

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

Petar Jacimovic,
Analytical expert of InstaForex
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