Black Pipper

Forex Dreamers

EUR/USD: Chance to test the 2019 low of 1.0926 rises

The downward movement of the EUR/USD has been strengthened in the past few hours after the European PMI disappointed results. The downside hit 1.0970, opening the door for a test of the year low of 1.0920 (3 September).

Bullish attempts will encounter resistance on the short-term resistance line, which today stands at 1.1071. An increase beyond this targets the bottom of the 1.1100, where the 55-day SMA and monthly highs are located.

Technical Levels

S1 1.0965
S2 1.0936
S3 1.0906

R1 1.1024
R2 1.1054
R3 1.1083

 

Also read  Analytics and trading signals for beginners. How to trade the EUR / USD currency pair on April 19? Analysis of Friday deals. Preparation

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