the daily chartist

EUR/USD Recap for 22.09.2015

published 4 years ago

 The pair opened at 1.11898 with a small move high to 1.12072 and then the price move sharply 86 pips to the low point of 1.11127 and closed at 1.11317. The price reached and closed below 1.11436 as expected as USD dominance gets more speed and give pressure on its major currency "rivals". As the price finds its way even more on the downside, the south direction will lead it with the help of the bears to 1.0767 and finaly to 1.10245 where it will touch the major support trend line on the daily chart. It will probably go up for a correction there, or even earlier at 1.10767 before resuming the down trend if circumstances remain the same.