empty
 
 
28.09.2022 01:59 PM
Short-term EURUSD analysis for September 28th, 2022.

This image is no longer relevant

Blue lines- bearish short-term channel

Red line - lower medium-term bearish channel boundary

.Green lines- bullish RSI Divergence

EURUSD is trading around 0.9560. Short-term and medium-term trends remains bearish with no sign of a reversal yet. The RSI in the 4 hour chart has already provided us a bullish divergence warning. EURUSD is trading very close to the lower channel boundary. Combined with a bullish divergence, the chances for a bounce higher have increased. Short-term resistance and bounce target is at 0.97 for the near term and 1.02 for the medium-term. Trend remains controlled by bears and there is no sign of a reversal. No trading opportunities as price is at multi year lows.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback