EUR/USD: will the price consolidate in the zone above parity? – Analytics & Forecasts – 13 September 2022

If the dollar is under pressure today after the release of inflation data in the United States (for more information, see “The most important economic events of the week 12.09.2022 – 18.09.2022”), the EUR /USD will receive a new impetus for growth.

In case of successful development of a positive scenario for EUR/USD, the breakdown of yesterday’s local high of 1.0198 will be a confirmation signal for the creation of long positions with targets close to the upper limit of the descending channel on the weekly chart and at the 1.0355 mark. .

In the main scenario, we expect a resumption of the descent. A breakdown of the important short-term support level of 1.0087 will be a signal for the resumption of short positions, and the 0.9900 mark will be the first downside target (for more, see – > “EUR/USD: Technical analysis and trading recommendations for 13.09.2022”)

Support levels: 1.0150, 1.0087, 1.0030, 1.0000, 0.9900, 0.9865, 0.9800

Resistance levels: 1.0198, 1.0220, 1.0300, 1.0355, 1.0500, 1.0660, 1.0750

*) See also -> Technical analysis and commercial recommendations” -> telegram

**) signal -> Insta79

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