EURUSD Technical Analysis for September 28, 2016.
September 28, 2016 5:41 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 17-19, 2024: sell below $2,400 (21 SMA – double top) April 17, 2024
- Technical Analysis – GBPCAD hits a wall but bulls not ready to give up April 17, 2024
- Trading Signals for Ethereum (ETH/USD) for April 17-19, 2024: sell below $3,125 (21 SMA – 2/8 Murray) April 17, 2024
- Analysis for the EUR/USD pair on April 17th. Jerome Powell didn’t help the dollar much April 17, 2024
- Analysis for GBP/USD pair on April 17th. British inflation overtakes American inflation April 17, 2024
- USD/JPY: Simple Trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- EUR/USD: Simple trading tips for novice traders on April 17th (US session) April 17, 2024
- GBP/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURUSD takes a breather after sharp tumble April 17, 2024
- Market continues to price in a plethora of rate cuts for 2024 – Special Report April 17, 2024
- EUR/USD: trading plan for the US session on April 17th (analysis of morning deals) April 17, 2024
- Technical Analysis – EURGBP maintains bearish bias amid pennant formation April 17, 2024
- EUR/USD. April 17th. Jerome Powell supports the dollar April 17, 2024
- GBP/USD. April 17th. Inflation in Britain is falling, but not as much as the market wants April 17, 2024
- Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets April 17, 2024
- Video market update for April 17, 2024 April 17, 2024
- Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin and Ethereum from Sebastian Seliga April 17, 2024
- Technical Analysis – Gold struggles to jump above 2,400 April 17, 2024
- GBP/USD: trading tips for beginners for European session on April 17 April 17, 2024
Technical outlook and chart setups:
The EURUSD has now dropped
further as expected and discussed yesterday. The pair has made lows at 1.1190
levels before pulling back towards 1.1225 only to find resistance there. It is
seen to be trading at 1.1207 levels at this moment, and is expected to drop
further towards 1.1180 and 1.1165 levels subsequently. The wave structure still
indicates that the pair is on its way to produce a wave 5 impulse drop from
1.1279 levels and a push below 1.1190 would confirm the same. Once this is
done, a counter trend rally should materialize towards 1.1250/60 levels before
the pair reverses sharply. Ideally, prices should remain below 1.1280/90 levels
to keep the bearish structure intact. It is hence recommended to remain short,
with risk at 1.1290 levels, one can take partial profits though.. Immediate
resistance is seen at 1.1283 levels, while support is seen at 1.1120 levels
respectively.
Trading recommendations:
Remain short, stop at 1.1290,
target is open. Please consider taking partial profits.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: