empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

10.09.201814:03 Forex Analysis & Reviews: EUR/USD short-term technical levels and trading recommendations for for September 10, 2018

Long-term review
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.

Exchange Rates 10.09.2018 analysis

The recent bullish movement of the EUR/USD ceased to be dominant since August 28.

Lack of enough bullish momentum is demonstrated on the chart so that recent movement has turned into sideways consolidations.

Earlier Today, obvious bullish rejection was demonstrated around 1.1530. This was manifested in the bullish engulfing H1 candlestick as depicted on the chart.

This would enhance the short-term bullish scenario for the EUR/USD pair. Intraday bullish target levels would be located around 1.1610.

However, conservative traders should wait for a bearish pullback towards the backside of the broken intraday-channel around 1.1550 for a valid BUY entry.

S/L should be placed below 1.1500 while t/p levels should be located around 1.1570 and 1.1600.

Mohamed Samy
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off