Intraday technical levels and trading recommendations for EUR/USD for September 14, 2018 888011000 110888 On the weekly chart, the EUR/USD set is showing a Head and Shoulders pattern where the best shoulder is currently in progress.Recently, the cost level of 1.1500 provided short-term bullish healing to 1.1830. The EUR/USD bulls cannot pursue to higher bullish targets. Instead, a descending high was developed around 1.1800. On the daily chart, for the bearish side of the market to be dominant, the set needs quick bearish decrease listed below 1.1500. However, the cost level of 1.1520 stood as a popular demand level where the current bullish pullback was initiated.The EUR/USD set is currently trapped in between the illustrated technical levels (1.1750 – 1.1500 ). Another bullish motion is anticipated towards the ceiling of the price range(1.1750 )where bearish rejection should be expected. On theother hand, any bullish breakout above 1.1750 will enable more bullish advance towards 1.1850. The material has been offered by InstaForex Business-www.instaforex.com

By | September 14, 2018

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