07.09.202613:01 Forex Analysis & Reviews: Trading Signals for EUR/USD on September 7-9, 2026: sell below 1.1640 (21 SMA - 6/8 Murray)

Relevance up to 11:00 2026-09-21 UTC+00

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The euro is trading around 1.1622 within the downtrend channel that has been forming since August 19. During the European session on September 7, it reached the strong resistance level of 1.1636. Given that this level coincided with the upper band of the downtrend channel, we expect EUR/USD to pull back in the coming hours and even reach the 5/8 Murray level around 1.1535.

And as long as the instrument consolidates below the 1.1640 level, we could expect strong downward pressure, and it could reach the 6/8 Murray level around 1.1596 in the coming days.

A decisive break below the 6/8 Murray level could lead EUR/USD to reach the 200 EMA around 1.1575 and ultimately reach the 5/8 Murray level around 1.1535, which also coincides with the lower band of the downtrend channel.

Should the euro attempt to resume its uptrend, a good idea for opening long positions could be to wait for a break above 1.1640 or to wait for EUR/USD to consolidate around the 6/8 Murray level in the 200 EMA zone to look for buying opportunities.

The Eagle indicator is showing a positive signal; however, we could expect a technical correction to occur before opening long positions.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.