empty
 
 
19.09.2024 02:10 PM
Trading Signals for EUR/USD for September 19-21, 2024: sell below 1.1170 (7/8 Murray- 21 SMA)

This image is no longer relevant

Early in the American session, the EUR/USD pair is trading at 1.1169, bouncing after having hit a low of 1.1090. Currently, we see that the instrument is showing signs of exhaustion. If EUR/USD falls below 7/8 Murray, it could make a technical correction with the target at 1.1124 (21 SMA).

The Eagle indicator reached the extreme zone of 95 points. This indicates an imminent technical correction, so during the American session, we will look for opportunities to sell below 1.1170 with targets at 1.1125, at 6/8 Murray located at 1.1108 and finally, at the bottom of the bullish trend channel around 1.1085.

On the contrary, if the euro consolidates above 1.1190, the outlook could remain bullish. Therefore, EUR/USD could reach 8/8 Murray around 1.1230. However, this possibility could be ruled out as the euro is losing bullish strength. We believe that a technical correction could occur below 7/8 Murray and it would be seen as an opportunity to sell.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback