EURUSD TECHNICAL ANALYSIS ON H1 AND DAILY TIMEFRAME
Publish Date : 2019/09/13 - 06:10

EURUSD TECHNICAL ANALYSIS ON H1 AND DAILY TIMEFRAME


EURUSD pair had a wild movement yesterday around 150 pips after ECB announcement,its purpose was to combat the 9-month EURZONE economic weakness.

The pair plummeted down to 1.1000 which is a key area,then the prices tested 1.0925.the prices surged as ECB president,Mario Deraghi stated monetary policy limiations.

The pair formed a bullish candlestick at the end of yesterday’s session on daily timeframe,which was showed on RSI indicator as well.

We put 1.1025 pivotal resistance into consideration for today,and the prices are expected to rise up to 1.1095 area.

Source:forex.com

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