Forex Technical Analysis

Technical analysis maintains that all information is already reflected in the price and that price movements lead to recognizable price chart patterns. It therefore tries to determine a trend on the grounds that sentiment changes may, at least in part, forecast trend changes.

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EUR/USD Technical Scenario: Monday 23 September 2019

Last updated 1 day ago at 11:00pm

There is bearish potential for a fall to 1.0988 while 1.1028 - 1.1044 resist. After this fall a recovery up to 1.1044 or 1.1059 is expected.

  • Key Point1.1008
  • Entry Point1.1045
  • Elliott1.1076
  • Closing1.102
  • Projection1.099
  • Trendline 11.1068
  • Trendline 21.1064
Elliott Wave

elongated flat correction down

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