the daily chartist

EUR/USD Recap for 21.09.2015

published 4 years ago

EUR/USD opened yesterday at 1.12810 made a high at 1.13295 and the dropped hard to the low at 1.11806 and close at 1.11896 strongly in red territory. The strong down moves were initiated with the disappointing data from the US and elimination of stops along the day giving acceleration to the movement and made bears remain under control. On the daily the trend line has been broken and the euro already went around 1.11436 to make a stand. The pair might get out of the bear hole still to rebound to the line again, but I think dollar dominance is resuming again and fresh dollars are being bought. So I think the price will go down to 1.11436, brake it and move down do 1.10767.