_20140919105140.png "EUR/USD Daily technical analysis September 19, 2014")
currency pair movement [main scenario]
After the harsh descending movement, we can now see a correction of the pair till the 1,2920 resistance level, Tenkan and Kijun lines are bound below the price, the price broke through the descending cloud, but did not manage to get fixed above it and then the pair got back into the cloud, the further descending movement is being expected. We should sell the pair below the 1,2920 resistance level, set take profit at these support levels - 1,2891, 1,2870, 1,2835.
currency pair movement [alternative scenario]
If the pair succeeds to break through and get fixed above the 1,2920 resistance level, then the further ascending movement till these resistance levels - 1,2940, 1,2960 is quite possible.
LEVELS
Resistance: 1,2920; 1,2940; 1,2960.
Support: 1,2891; 1,2870; 1,2835.
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