empty
 
 
17.09.2014 09:28 AM
Intraday analysis of EUR/USD for September 17, 2014

This image is no longer relevant

The pair has been making lower lows for trading 6 sessions. The pair is facing strong resistance at 1.30 and 1.3060 (20Dsma). Until the price closes below 1.3060, sell on an upmove will be preferable in the near term. Fresh selling will trigger below 1.2924 towards 1.2909 and on positional basis 1.2765 is the medium-term strong support and an open target with 1.3060 on a closing basis. On the other side, if the pair manages to close above 1.3060, it can fly up to 1.3160 and 1.32 but chances are very remote.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
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 $9000 more!
    In May we raffle $9000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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