For Traders

Analytical Reviews

Trading plan

30.09.202216:25 Forex Analysis & Reviews: EUR/USD's upside could be over

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.

EUR/USD Deeper Drop Needs Confirmation!

The EUR/USD pair increased as much as 0.9835 today where it has found a strong supply. Now, it has dropped below the uptrend line which represented a downside obstacle. It has increased a little in the short term after reaching the 0.9745 level which stands as a downside obstacle as well.

As long as it stays above this level, EUR/USD could try to come back to test and retest the broken uptrend line and 0.9835.

EUR/USD Outlook!

Dropping and stabilizing below 0.9745 could activate a deeper drop. On the other hand, staying above this key level and making a new higher high, jumping above the 0.9835 upside obstacle validates further growth.

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.