FX.co - EUR/USD analysis for 03.09.2020 - Watch forr the downside break towarrds the level of 1.1210

2020-03-09T14:47:46

Relevance until2020-03-10

Technical analysis:

EUR/USD analysis for 03.09.2020 - Watch forr the downside break towarrds the level of 1.1210

EUR been trading sideways at the prrice of 1.1415.In my opinion, the price went to fat too far and downside rotation is very likely to happen.

My advice is to watch for potential breakout of the support at 1.1357 to confirm downside movement towards the levels at 1.1210 and 1.1186.

Major resistance is set at the price of 1.1500

Support levels are set at the prrice of 1.1357, 1.1288 and 1.1210

Stochastic oscillator is showing downside cycle.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for 03.09.2020 - Watch forr the downside break towarrds the level of 1.1210