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EURUSD
Short Entry 1.1826 2025-09-18 19:37 UTC
Target 1.1440 Fail 1.1909
Risk/Reward 1 : 5
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EURUSD
Forex
Technical
1H
Analysis Predict Range Market
The analysis examines the EURUSD and DXY, focusing on critical levels and potential trading strategies following a Fed rate decision. For EURUSD, equal highs around 1.1908 were noted, which the market has recently swept, before a reversal. Key support is around 1.1730, derived from a February trendline and significant bounce points over the past few months. A break below this trendline could trigger a larger reversal down to 1.1564 and potentially 1.1440, levels of previous poor low auctions. The presenter advises caution in buying EURUSD at support, favoring shorts on strength near resistance (1.1778, 1.1806). For the DXY, the market has bounced from a key support level around 96.621, derived from 2011. Resistance is found around 97.70. A weekly close above 97.70 would lead to a test of the 98.60 level.
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