empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

16.09.202011:42 Forex Analysis & Reviews: EUR/USD Bullish Ahead Of FOMC!

EUR/USD edges higher after retesting the Pivot Point at 1.1838. It's trading at 1.1870 and aims for the 1.19 psychological level. The FOMC meeting could be decisive tonight. The high volatility should bring great trading opportunities.

The pair is bullish, so we could search for long trading signals if the pair jumps and closes above 1.19 level. Anything could happen around the FOMC meeting, even if the USDX is somehow expected to rebound.

Exchange Rates 16.09.2020 analysis

Technically, EUR/USD has returned above the warning line (wl1) after a temporary drop. The rejection from the PP (1.1838) level could send the rate towards the R1 (1.1923) level.

A new higher high and a valid breakout above the R1 represents a great bullish signal. Monday's breakout above the warning line (wl1) was invalidated for now. That's why you need to be very careful because today's rally could be erased if the USDX gives birth to a bullish momentum.

  • EUR/USD Trading Tips

Buy a bullish closure above the R1 (1.1923) level with an immediate target at 1.2 psychological level, at the channel's upside line. The R3 (1.2089) could be used as a second upside target if the upside scenario is validated.

Sell another lower low, drop below 1.1751 level having as target 1.1495 level.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.