The level of 1.1073 has become a weekly support level for {{1|EURUSD}}, which has already been tested, which indicates a reluctance to sell the euro below this price.

Perspective within the current day

My expectations for the pair are a range movement, with a possible rollback again to the level of 1.1080 and a subsequent attempt to test the resistance level around 1.1100.
Of the fundamental events this week, only the consumer price index is expected, which is likely to remain at the same level.


Recommendations for trading EURUSD on September 16, 2024

Recommendations in the work include trading in the range of 1.1070 – 1.1100, buying after local price drops with a small profit margin, this is if we consider behavior within the framework of a daily trading strategy.

Subscribe my Telegram Channel SoftimoTrade to be aware of my analytics.