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FX.co ★ EUR/USD analysis for September 11 2020 - Potential for the downside rotation towards the 1.1810

EUR/USD analysis for September 11 2020 - Potential for the downside rotation towards the 1.1810

be the straw that breaks the camel's back. Carry on as you will.

"We are going to wait for the reaction of the UK by that deadline and we will consider next steps once we have reached that particular bridge. And in the meantime we will make no further comment."

As I discussed in the previous review, the EUR managed to complete the upside correction ABC and I do expect another down cycle.

Further Development

EUR/USD analysis for September 11 2020 - Potential for the downside rotation towards the 1.1810

Analyzing the current trading chart of EUR, I found that there is potential for the downside roattion towards the support at 1,1810

Watch for selling opportunities on the rallies with the downside targets at $1,1810

1-Day relative strength performance Finviz

EUR/USD analysis for September 11 2020 - Potential for the downside rotation towards the 1.1810

Based on the graph above I found that on the top of the list we got Lean Hogs and Orange Juice today and on the bottom VIX and Rough Rice.

EUR is today in positive territory.

Key Levels:

Resistance: 1,1914

Support level: 1,1810

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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