logo |


    Your location: Home >  Forum  >  Market analysis  >  Content details
    Market analysis EUR/USD Outlook (22 September 2020)

    Related product:Forex
    Market analysis:Overall, EUR/USD is ranging across. Recently, EUR/USD broke the support zone of 1.17800 after a strengthening in USD due to an increase in demand caused by a strong sell-off in various stock markets.

    Yesterday, European Central Bank President Christine Lagarde said in an unscheduled speech that the strength of the recovery of euro is uncertain despite the recent economic data indicating a strong rebound in the third quarter.

    EUR/USD’s next support zone is at 1.15300 and the next resistance zone is at 1.17800.
    Look for selling opportunities of EUR/USD.

    Write your question...
    Please sign in first Sign up/in to comment

    There is no comment yet. Make the first one.


    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.