EUR/USD: The Downtrend Will Continue Below 1.0967 With A Target Of 1.0926

By Anton Kolhanov of Kolhanov.com

Forex Trader • Sep 23, 2019 at 5:03 AM EDT

The downtrend may be expected to continue in case the market drops below support level 1.0967, which will be followed by reaching support level 1.0926.

EUR/USD, Friday forecast, September 23

The downtrend may be expected to continue in case the market drops below support level 1.0967, which will be followed by reaching support level 1.0926. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1000, which will be followed by moving up to resistance level 1.1038.

(Click on image to enlarge)

Weekly forecast, September 23 - 27

The downtrend may be expected to continue in case the market drops below support level 1.0967, which will be followed by reaching support level 1.0926. An uptrend will start as soon, as the EUR/USD pair rises above resistance level 1.1000, which will be followed by moving up to resistance level 1.1092.

(Click on image to enlarge)

Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.

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