By - Jamel Lahiani
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 dollar was appreciated against the EURO however the investors
shrugged off the news of an impeachment inquiry into US President Donald Trump..
Today in Focus
Today, the focus is on a series of high impact economic events and published indicators:
AT 12H30 GMT:
The US Gross Domestic Product Annualized released by the US Bureau of Economic
The US Goods Trade Balance released by the US Bureau of Economic Analysis and the
U.S. Census Bureau
AT 13H30 GMT: ECB's President Draghi speech
GRAPHIC 1: EURUSD DAILY CHART (SEPTEMBER 26, 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
profitable 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 sell this pair.
GRAPHIC 2: EURUSD HOURLY CHART (SEPTEMBER 26, 2019)
At short term, the EURUSD makes a new range inside the colored channel. The EURUSD is volatile
and waiting for important publication especially the US trade balance that could leads to a breakout,
so just follow the trend. It is interesting to sell when the pair is close to the top of the channel or
when the Stock RSI indicator is higher than 80 and the red line cross the blue line.
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