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.