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12.09.201814:55 Forex Analysis & Reviews: Intraday technical levels and trading recommendations for EUR/USD for September 12, 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 12.09.2018 analysis

On the other hand, the price zone of 1.1520-1.1420 stands as a prominent demand zone to be watched for bullish rejection and possible bullish pullbacks.

Bearish breakdown of 1.1520 is needed allow a further decline towards 1.1420. The next bearish target would be located around 1.1275.

For the major reversal pattern to be confirmed, a quick bearish breakdown below 1.1420 will be needed to gain enough bearish momentum.

Mohamed Samy
Analytical expert of InstaForex
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