25.09.201808:36 Forex Analysis & Reviews: Technical analysis of EUR/USD for September 25, 2018

Long-term review

EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area that is now support. Prices moved higher towards 1.18 as expected but ended the day back below 1.1760. EUR/USD bulls need to break yesterday highs.

Exchange Rates 25.09.2018 analysis

Red line - neck line support

Blue line - short-term support trend line

Light blue dots - medium strength support

Dark blue dots - maximum strength support

Green line - horizontal support

EUR/USD came back towards the broken resistance now support for another back test. Price remains above the critical support of 1.17-1.1720. Bulls need to break above 1.1815 for this up move to continue towards 1.19. A break below 1.17 will be a bearish sign.

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

Alexandros Yfantis,
Analytical expert
InstaForex Group © 2007-2021
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