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EUR/USD: will the value consolidate within the zone above parity? – Analytics & Forecasts – 13 September 2022

If the greenback is beneath stress at the moment after the publication of inflation information in the USA (for extra info, see in “An important financial occasions of the week 12.09.2022 – 18.09.2022”), then EUR/USD will obtain a brand new impetus for additional progress.

In case of profitable growth of a constructive situation for EUR/USD, the breakdown of yesterday’s native most of 1.0198 will likely be a affirmation sign for build up lengthy positions with targets close to the higher restrict of the descending channel on the weekly chart and the 1.0355 mark.

In the principle situation, we anticipate a resumption of decline. The breakdown of the necessary quick–time period help degree of 1.0087 will likely be a sign for the resumption of quick positions, and the 0.9900 mark would be the first goal of decline (for extra info, see -> “EUR/USD: technical evaluation and buying and selling suggestions for 13.09.2022”)

Help ranges: 1.0150, 1.0087, 1.0030, 1.0000, 0.9900, 0.9865, 0.9800

Resistance ranges: 1.0198, 1.0220, 1.0300, 1.0355, 1.0500, 1.0660, 1.0750

*) see additionally ->  Technical evaluation and buying and selling suggestions” -> Telegram

**) sign -> Insta79



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