EURUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME:
Publish Date : 2019/09/19 - 05:45

EURUSD TECHNICAL ANALYSIS ON H1 TIMEFRAME:


The pair hit short-term support at 1.1000 as expected after Fed FOMC decision.

Bearish bias:

Note that the prices are below short-term pivotal resistence at 1.1110.

If 1.1070 serves as resistence area,the pair may fall down to next support at 1.0950.

However,if the prices close above 1.1110 area at H1 timeframe it invalidates the above analysis and the pair may rise up to next resistence area at 1.1170.

Source: forex.com

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