Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Technical analysis of EUR/USD for September 25, 2018

September 25, 2018 Analytics

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EUR/USD remains in a bullish trend. Price pulled back yesterday towards 1.1730 for a back test of the break out area that is now support. Prices moved higher towards 1.18 as expected but ended the day back below 1.1760. EUR/USD bulls need to break yesterday highs.

analytics5ba9d6ae18ce5.png

Red line – neck line support

Blue line – short-term support trend line

Light blue dots – medium strength support

Dark blue dots – maximum strength support

Green line – horizontal support

EUR/USD came back towards the broken resistance now support for another back test. Price remains above the critical support of 1.17-1.1720. Bulls need to break above 1.1815 for this up move to continue towards 1.19. A break below 1.17 will be a bearish sign.

The material has been provided by InstaForex Company – www.instaforex.com

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