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
