EURUSD – September 17th

Although the pair slipped lower during Tuesday’s US session while it is trading above the marked trendline the bullish bias is intact. Price action around 1.4150/1.4100 should be watched carefully as that support area is crusial in maintaing the pair on it’s current short term course; a failure there will bring us once again in range trading with additional bearish pressure.

Although the pair slipped lower during Tuesday’s US session while it is trading above the marked trendline the bullish bias is intact. Price action around 1.4150/1.4100 should be watched carefully as that support area is crusial in maintaing the pair on it’s current short term course; a failure there will bring us once again in range trading with additional bearish pressure. 1.4400 is the main bullish target and that should provide tough resistance as EURUSD has already been rejected at that level.

 

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