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EURUSD: the path to the bottom is open — Forex Stock Trade

EURUSD: the path to the bottom is open

EURUSD: the path down is open.

Last minute engraving forecasts 26.09.2017

The weak results of Merkel’s party in elections in Germany has caused the price of the EURUSD pair hit a trend reversal. A breakthrough to the levels of 1.1860 and 1.1835 opened the way to the bottom.

There are various factors: fundamental — the weakening of the party and the government of Merkel, which is the foundation of the EU, and the technical — overdue correction after 6 months of strong growth of the EURUSD.

On the daily chart, the figure of the inversion of type «triple top» appears, which lasts for a month. The operation of the figure the fixing of the eur / usd rate below 1.1800.

The minimum goal based on the number is 1.1660.

We sell from 1.1860 and also of 1.1890.

A downward movement of the cancellation signal — a breakthrough to the top 1.2005.

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