Forex - Chart EUR/USD Update: Recovering, but upside seen limited


Published at 01:16 (GMT) 19 Sep

  

Chart EUR/USD Update: Recovering, but upside seen limited (KYCC7501)

19 Sep EUR/USD Daily
Staging recovery from the 1.2835 low and divergence on daily tools suggest further losses on hold for now and scope seen for retest of the 1.3000 level. Would need lift over this to ease bear pressure and trigger stronger recovery. Failure to hold 1.2860/35 lows will expose the 1.2755/45, Jul/Apr lows. [P.L]

R5:: 1.311 * 2 Sep low, break R4: 1.303 intraday level
R3: 1.2995 * 16 Sep high
R2: 1.296 intraday level
R1: 1.293 18 Sep high

S1: 1.286 9 Sep low
S2: 1.2835 18 Sep low
S3: 1.2806 5 Jul 13 low
S4: 1.2796 * 17 May 13 low
S5: 1.2755/45 * 9 Jul, 4 Apr 13 lows

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD hovers around 1.0700 ahead of German IFO survey

EUR/USD hovers around 1.0700 ahead of German IFO survey

EUR/USD is consolidating recovery gains at around 1.0700 in the European morning on Wednesday. The pair stays afloat amid strong Eurozone business activity data against cooling US manufacturing and services sectors. Germany's IFO survey is next in focus. 

EUR/USD News

GBP/USD steadies near 1.2450, awaits mid-tier US data

GBP/USD steadies near 1.2450, awaits mid-tier US data

GBP/USD is keeping its range at around 1.2450 in European trading on Wednesday. A broadly muted US Dollar combined with a risk-on market mood lend support to the pair, as traders await the mid-tier US Durable Goods data for further trading directives. 

GBP/USD News

Gold: Defending $2,318 support is critical for XAU/USD

Gold: Defending $2,318 support is critical for XAU/USD

Gold price is nursing losses while holding above $2,300 early Wednesday, stalling its two-day decline, as traders look forward to the mid-tier US economic data for fresh cues on the US Federal Reserve interest rates outlook.

Gold News

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

Crypto community reacts as BRICS considers launching stablecoin for international trade settlement

BRICS is intensifying efforts to reduce its reliance on the US dollar after plans for its stablecoin effort surfaced online on Tuesday. 

Read more

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out Premium

Three fundamentals for the week: US GDP, BoJ and the Fed's favorite inflation gauge stand out

While it is hard to predict when geopolitical news erupts, the level of tension is lower – allowing for key data to have its say. This week's US figures are set to shape the Federal Reserve's decision next week – and the Bank of Japan may struggle to halt the Yen's deterioration. 

Read more

Majors

Cryptocurrencies

Signatures