25.09.201916:21 Forex Analysis & Reviews: EURUSD remains in a bearish trend as long as price is below 1.1050.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EURUSD remains weak. Despite showing some signs of strength last week, the inability to close above 1.11 combined with the failure to hold above the 1,10 support, puts some pressure on the pair.

EURUSD is still trading below both the tenkan- and kijun-sen (red and green line indicators). Resistance is at 1,1050 and a close above it will signal that a move towards cloud resistance at 1.11 is very likely. Until then short-term trend remains bearish with all eyes at the Summer lows of 1.0925. Shorter-term resistance is found at 1.1023. Today's highs. Closing above 1.1023 would be the first sign of short-term strength in EURUSD.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.