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

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