EURUSD Daily Forecast Sep 27 2018

EURUSD: Under Pressure, Sees Pullback Threats!

As long as 1.1732 broken support tuned resistance holds, the pair remains under pressure and further down couldn’t be ruled out to the 1.1668 levels, a halt is likely but a cut would open 1.1608 levels, further down, support comes at the 1.1525 levels.

Note that a strong rebound to the upside is likely around 1.1668/1.1608 levels.

On the upside, resistance comes at the 1.1732 levels, a sustained breakout above that level will increase the risk for the 1.1784 levels, a clear break above 1.1784 will restore the upside momentum and target the 1.1850 levels, further upside, resistance stands at the 1.1940 levels.

conclusion: The EURUSD continues to face corrective threats below the 1.1784/1.1732 levels…