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EURUSD Forecasts, September 24, 2019
EURUSD Forecasts, September 24, 2019
Posted

By - Jamel Lahiani

Posted - 24-09-2019
  • The EURUSD is trending bearish volatile at short term. SELL
  • The EURUSD is trending bearish volatile at long term. SELL

Today our analysis will be concerned with:
The EURUSD is the most traded currency pair in the world. This pair represents the world two largest economies and has faced most volatility since the inception of the euro in 1999.

FOREX Market Insights
Yesterday, the US-China trade war has a persistent negative effect to the stocks markets that have slight variations. In fact, Dow Jones records 0.06% and NASDAQ -0.06%. The crude oil WTI returns to increase and records 58.6 $ with a percent variation of 0.95%.

Today in Focus
Today, the focus is on a series of high impact economic events and published indicators:
AT 14H00 GMT:

The Consumer Confidence released by the Conference Board captures the level of confidence that individuals have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn.

GRAPHIC 1: EURUSD DAILY CHART (SEPTEMBER 24, 2019)
At long term,the EURUSD followed a bearish movement inside the colored channel. The EURUSD is
volatile. So, it is interesting to sell when the pair is close to the top of the channel. It is also
interesting to sell, when the Stock RSI indicator is higher than 80 and the red line cross the blue line.
If the EURUSD chart crosses MA14 and close to the downside, we can buy this pair.

GRAPHIC 2: EURUSD HOURLY CHART (SEPTEMBER 24, 2019)
At court term, the EURUSD followed a bearish movement inside the colored channel. The EURUSD is
volatile. So, it is interesting to sell when the pair is close to the top of the channel. It is also
interesting to sell, when the Stock RSI indicator is higher than 80 and the red line cross the blue line.

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