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

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