Forecast by Marius Ghisea – EUR/USD (September 5-9)

The EUR/USD currency pair may fall in the medium term, according to the daily chart. The MACD and the stochastic oscillator indicate a downtrend for this pair. The price has reached EMA 50 (1.1178) and a first target on the daily chart may be 1.10.

EURUSDdialy-page-001

The MACD and the stochastic oscillator also indicate a downtrend on the 8 hour chart. The price has already reached EMA 200 (1.1180) and it will continue to fall. This pair is into a range at this moment (1.1230- 1.1130) and it will break out of this tight range at 1.1130.

EURUSD8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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