empty
 
 
11.09.2024 05:08 AM
Forecast for EUR/USD on September 11, 2024

On Tuesday, the euro faced pressure from the approaching European Central Bank rate cut and the drop in Germany's Consumer Price Index for August, which fell from 2.3% y/y to 1.9% y/y. Furthermore, oil prices fell by 3.58%, and stock indexes closed mixed.

Today, the U.S. is expected to report a decrease in CPI to 2.6% y/y from July's 2.9% y/y. Similar to yesterday, the euro may weaken further.

This image is no longer relevant

In the daily chart, the price consolidated below the green price channel line. It is now in a narrow wedge between this line and the support level at 1.1010. The day could close below this level as a signal of intent to target 1.0950 and the MACD line along with it. The main target is the range of 1.0888-1.0905. The Marlin oscillator is in negative territory and has plenty of room to move into the oversold zone.

This image is no longer relevant

In the 4-hour chart, the price slowed its decline as it approached the 1.1010 support level. The price doesn't need a significant breakthrough, as most of the work was done yesterday. The euro may continue to consolidate at the support level.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $3000 más!
    ¡En Septiembre, sorteamos $3000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback