EUR/USD, uptrend to 1.1073 while trading above 1.1029

Anton Kolhanov Anton Kolhanov

EUR/USD, Friday forecast, September 20

The uptrend may be expected to continue, while pair is trading above support level 1.1029, which will be followed by reaching resistance level 1.1073 - 1.1092.
An downtrend will start as soon, as the pair drops below support level 1.1029, which will be followed by moving down to support level 1.1000.

Weekly forecast, September 16 - 20

The downtrend may be expected to continue, while pair is trading below resistance level 1.1092, which will be followed by reaching support level 1.0987.
An uptrend will start as soon, as the pair rises above resistance level 1.1092, which will be followed by moving up to resistance level 1.1198.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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