Technical analysis of EUR/USD for September 25, 2019

Overview:

The support level of EUR/USD pir is set at the spot of 1.1019 which represents the daily pivot. Any upside pullback from the price of 1.1019 now is normal, because on the whole we remain bullish at present. The bullish trend is still expected for the upcoming days as long as the price is above 1.1019. The EUR/USD pair reached a new maximmum at the price of 1.1030/1.1045. So, today the price may reach one more maximmum around the spot of 1.1073, which coincides with the ratio of 61.8% Fibonacci retracement levels. Today, the EUR/USD pair is challenging the psychological resistance at 1.1045. The EUR/USD pair will probably go up because an upward trend is still strong and the RSI is still signaling that the trend is upward. The breakthrough of 1.1045 will allow the pair to go further up to the levels of 1.1073 and 1.1112. As a result, it is gainful to buy above this price of 1.1019 with targets at 1.1073 and 1.1112. On the downside, a clear breakdown at the level of 1.1019 could trigger further bearish pressure testing 1.0982, which represents the major support.