FORECAST BY MARIUS GHISEA – EUR/USD (September 21-25)

According to the daily chart, EUR/USD will fall. The price has already reached EMA 15 on the daily chart, which is a confirmation for the downtrend. A target for this pair in the medium-long term might be 1.1080 level.

EURUSDdaily-page-001

The EUR/USD currency pair will continue to fall on the 8 hour chart. A confirmation for the downtrend will be when the price breaks out of the the range at 1.1250. Also the MACD indicates the downtrend for this pair.

EURUSDh8-page-001

 

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