Hello everyone, I’m Alisa. Today, let’s predict the movement of the EUR/USD price.
Although last Thursday, the U.S. Department of Labor showed positive signs with a decrease in jobless claims, the USD continued to decline after the Fed meeting on September 19th. This has impacted and allowed EUR/USD to rise higher.
Looking at the chart, we can see that the price within the price channel is trending upward. However, I believe it could still make a downward correction. But this is nothing to worry about, as with the support level at 1.111, we can expect the price to reverse and rise again.