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EUR/USD Trading Analysis with Forecast for 16 September 2014

September 16, 2014 9:26 am

Yesterday EUR/USD currency pair was moved downward as correction of upward movements, overall this pair in strong bearish mode. This pair was opened at 1.2972 near 200MA (H1) and move downward as per technical base near support level 1.2909. As per fundamental and technical basis in uptrend 1.2985 and in downtrend 1.2930/25.

Forex Fundamental and Technical Analysis:

Today we are expecting that EUR/USD pair will move near support level 1,2896. As per technical basis this pair may be move downward near 1.2890 according to 200MA (H1-DFG-Strategy). On Fundamentals basis euro today may be weak due to German ZEW Economic events and dollar may be little weak but stable due to euro weakness.

Recommended Forecast:

Today we are predicted that this pair will move downward from 1.2935 to 1.2896 range, so sell trade is best. Remember if any trader want to get maximum benefits from our analysis then join our premium panel by contact us at Skype: DailyFXGuide. Check our Free Signals Session.

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