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Technical Analysis - EURUSD September 20
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Technical Analysis -EURUSD September
20
Posted on September 20, 2013 by the XM Investment Research Desk at 8:01 am GMT
EURUSD has a strong upward bias, currently consolidating its post-Fed gains near a
seven-month high of 1.3567 hit on Sept 19.
On the Hourly chart, RSI above 50 and stochastic is rising. Prices are trading above the
Ichimoku cloud. The pair is currently around $1.3530.
Strong support is at the MA20 at 1.3525.
Retracement and bounce off key support level at 1.3480 will reaffirm upside.
Resistance is at 1.3567 (Sept 19 high). If broken will lead to the key 1.3600 level.
EURUSD Hourly Chart
2. Important Notice: This investment research was produced by an independent analyst
and Trading Point of Financial Instruments Ltd has verified that the producer of the
investment research is subject to requirements equivalent to the requirements under
Directive DI144-2007-01 of 2012 of the Cyprus Securities and Exchange Commission in
relation to the production of the research.
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