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HomeForex TradingEUR/USD: will the value consolidate within the zone above parity?

EUR/USD: will the value consolidate within the zone above parity?


If the greenback is underneath stress as we speak after the publication of inflation information in the USA (for extra data, see in “The most important economic events of the week 12.09.2022 – 18.09.2022”), then EUR/USD will obtain a brand new impetus for additional progress.

In case of profitable growth of a optimistic state of affairs for EUR/USD, the breakdown of yesterday’s native most of 1.0198 might be a affirmation sign for increase lengthy positions with targets close to the higher restrict of the descending channel on the weekly chart and the 1.0355 mark.

In the primary state of affairs, we count on a resumption of decline. The breakdown of the necessary brief–time period help degree of 1.0087 might be a sign for the resumption of brief positions, and the 0.9900 mark would be the first goal of decline (for extra data, see -> “EUR/USD: technical analysis and trading recommendations for 13.09.2022”)

Help ranges: 1.0150, 1.0087, 1.0030, 1.0000, 0.9900, 0.9865, 0.9800

Resistance ranges: 1.0198, 1.0220, 1.0300, 1.0355, 1.0500, 1.0660, 1.0750

*) see additionally ->  Technical analysis and trading recommendations” -> Telegram

**) sign -> Insta79



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