20.09.202215:58 Forex Analysis & Reviews: Short-term EURUSD technical analysis for September 20th, 2022.

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.

Blue rectangle- support

EURUSD continues its sideways movement over the last week. Price has made no real progress after the sharp decline from 1.0190 to 0.9950. Price has confirmed the importance of support around 0.9950. Market participants are having a waiting stance ahead of tomorrow's FOMC. Key resistance remains around 1.02 and support at 0.9950. Traders prefer to wait and act on tomorrow's announcements.

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.