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[QUOTE="Antony_NPBFX, post: 199858, member: 38727"] [SIZE=5][B]EUR/USD: European currency remains under pressure 29.09.2021 [/B][/SIZE] Good afternoon, dear forum visitors! [URL=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL] offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. [B] Current trend [/B] During the Asian session, the EUR/USD pair shows ambiguous dynamics, consolidating at 1.1700. USD grows due to the "hawkish" rhetoric of the US Federal Reserve officials. Investors hope that the regulator may announce the start of curtailing the quantitative easing (QE) program as early as November 3. Labor market indicators are fairly stable, but inflationary pressures continue to grow. These factors can be a catalyst for a positive decision to start reducing incentives. In turn, the results of the speech of the head of the European Central Bank (ECB), Christine Lagarde, had moderate pressure on the euro on Tuesday. Among other things, she noted that inflation in the EU shows no signs of widespread growth. The market perceived this statement as the agency's unwillingness to rush to curtail the existing measures to support the economy. [b] Support and resistance [/b] On the daily chart, Bollinger Bands steadily decline. The price range narrows, reflecting the emergence of ambiguous trading dynamics in the short term. MACD also rushed downwards, maintaining a poor sell signal (the histogram is below the signal line). Stochastic, which reversed downwards at the beginning of the week, rapidly approaches its lows, indicating that EUR may become oversold in the ultra-short term. Resistance levels: 1.1700, 1.1754, 1.1800, 1.1850. Support levels: 1.1650, 1.1600, 1.1546, 1.1500. [img]http://businesspr-finance.com/wp-content/uploads/2021/09/EURUSD290921-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/09/EURUSD290921-333.png[/img] [b] Trading tips [/b] Long positions can be opened after the breakout of 1.1700 with the target at 1.1800. Stop loss – 1.1650. Implementation period: 1–2 days. Short positions can be opened after the breakdown of 1.1650 with the target at 1.1546. Stop loss – 1.1700. [B]Use more opportunities of the NPBFX analytical portal: E-book[/B] If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more. You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [URL=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL]. [/QUOTE]
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