EUR/USD analysis for September 18, 2018 - ConsultFX

EUR/USD analysis for September 18, 2018

analytics5ba0c4d4eca8b.png

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1717. Anyway, according to the M30 time – frame, I found rejection of resistance 1 at the price of 1.1713, which is a sign that buying looks risky. Besides, the price rejected from the upper Keltner band (resistance) and there is a hidden bearish divergence on the 3/10 oscillator, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at the price of 1.1665 and at the price of 1.1633.

The material has been provided by InstaForex Company - www.instaforex.com