Friday 16 September 2016

EUR/USD

EUR/USD did post any significant movement yesterday, even though we witnessed quite  dynamic session. The price slipped above 1.1275 but closed lower at 1.1242. The closing price was considerably near the opening price, respectively 1.1243 and 1.1248.
The outlook remains neutral in nearest term. Immediate resistance remains around 1.1275 and in case of possible breakthrough it, this could trigger further bullish pressure for testing 1.1350. Support is located at 1.1200. A clear break and potential daily/weekly close below it, could lead bears towards 1.1125 or lower next week. The main technical outlook remains neutral.




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