For Traders

Analytical Reviews

Technical analysis

30.09.202209:36 Forex Analysis & Reviews: EUR/USD analysis for September 30, 2022 - Trading range condiiton and potential for the breakout

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.

Technical analysis:

EUR/USD has been trading upside as I expected. The price reached both upside targets and EUR is trading sideways today.

Trading recommendation:

Due to the sideways regime and defined trading range, watch for potential breakout to confirm further intraday direction.

In case of the breakout of the resistance at 0.9840, watch for buying opportunities with teh objective at 0.9990

In case of the downside breakout of support at 0.9780, watch for selling opportunities with the downside objective at 0.9750

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.