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CURRENCIES TECHNICAL ANALYSIS SEPTEMBER.20

Euro

The euro partly recovered on Monday. Buyers pushed the price from the last week low at 1.1147 to the mark 1.1196. The pair erased some of its gains and slightly decreased during the North American hours. The resistance comes in at the level 1.1200, the support lies at 1.1130.

If sellers keep weighing on the EUR/USD the price will decline further towards 1.1130. Alternatively, the EUR/USD will recover towards 1.1200.

20_09_16_евро
Pound

The pound was able to strengthen during the Asian and European sessions on Monday. However, the price faced a selling pressure at the North American session. The sterling gave up its recent gains and decreased to the opening price level. The resistance exists at the level 1.3100, the support stands at 1.3000.

A move below 1.3000 will increase sellers' strength. Sellers will be able to lead the price towards 1.2950. We cannot rule out the chance that the pair would try to recover towards 1.3100.
20_09_16_фунт
Yen

The yen was in the red on Monday. The price remained under pressure the whole day. Sellers were able to drag the price from the level 102.50 towards the 101.40 region. The resistance is at 102.50, the support comes in at 101.40.

If the price breaks the level 102.50 the pair will advance towards 103.50. A move below 101.40 will trigger a downtrend. The level 100.90 is the next sellers’ target.

20_09_16_йена

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