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EUR/USD Technical analysis 14 September 2018

2018-09-14 06:57 am | Resource: Technical Analysis | No Views : 237

Time frame Used - four hours
The EURUSD is moving in a bullish direction in the near term
EUR/USD CHART
The purchasing power managed to control the movement of the EURUSD to breach the resistance level around the 1.1657 level
In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of the indicators into the overbought area
  Accordingly, we expect that the EURUSD will test the levels of 1.1719 - 1.1730 and then to fall back to level of  1.1657
  The alternative scenario is that the EURUSD breach level of 1.1730 higher to test the 1.1840 level
   Resistance: 1.1719 - 1.1730 - 1.1840
Support: 1.1657 - 1.1628 - 1.1592
Direction: Up
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