empty
 
 
19.09.2019 02:26 PM
EUR/USD for September 19,2019 - Broken symmetrical trriangle to the upside

EUR/USD has been trading upwards in the past 12 hours. The price tested the level of 1.1070. I found the breakout of the symmetrical triangle to the upside, which is the indication for the bullish strength.

This image is no longer relevant

Yellow rectangle – Resistance and profit target

Purple lines – Broken symmetrical triangle

Pink rising trendline – Expected path

My advice is to watch for buying opportunities on the EUR due to break out of the symmetrical triangle in the background and potential new money buying. There is also breakout of the downward channel in the background, which is another indication of the strength. Resistance levels are seen at the price of 1.1075 and 1.1110 and support levels at 1.1016-1.1000.

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 $1000 more!
    In April we raffle $1000 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