FX.co ★ EUR/USD analysis for September 18 2020 -Downside movement is expected towards the level of 1.1755

Prior +0.2%

• PPI -1.2% vs -1.4% y/y expected
• Prior -1.7%

No inflationary pressure concealed here within the PPI, but there is at least a pick up from last months low in keeping with expectations.

Further Development

Analyzing the current trading chart of EUR, I found that there is the the rejection of the resistance trend line in the background, which is good sign for further downside.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Live Cattle and Oats today and on the bottom Natural gas and Lumber.

Key Levels:

Resistance: 1,1870

Support levels: 1,1755