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Message: [QUOTE="MikhailLF, post: 152120, member: 42242"] [b]LiteForex analitics.EUR/USD: the Euro remains under pressure[/b] Current trend EUR showed a significant decline against USD noting a new local low since August 24. EUR is under pressure of US President Trump’s commentaries and poor inflation statistics. In an interview with Bloomberg Trump said that the EU's proposals on duties on cars are not good enough for the US. Probably, the EU will need new concessions; otherwise, it is possible that the 25% duties on EU-imported cars will be introduced in the US. Friday’s preliminary August inflation data were poor. The consumer price index fell from 2.1% to 2.0% and the core consumer price index fell from 1.1% to 1.0%. Today, EU Markit Manufacturing PMI will be released. The indicator is expected to remain unchanged at the level of 54.6 points in August. Support and resistance Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the emergence of ambiguous dynamics of trading in the short term. MACD is going down having formed new sell signal (located below the signal line). Stochastic is steadily declining, approaching its minimum levels, which indicates the risks associated with oversold euro. Technical indicators do not contradict the further development of the "bearish" trend. Resistance levels: 1.1621, 1.1653, 1.1718, 1.1749. Support levels: 1.1573, 1.1526, 1.1500, 1.1473. Trading tips To open long positions, one can rely on the rebound from the support level of 1.1573 with the subsequent breakout of 1.1621. Take profit — 1.1718, 1.1749 or 1.1789. Stop loss — 1.1560 or 1.1750. Implementation period: 2-3 days. A breakdown of 1.1573 may be a signal to further sales with target at 1.1500 or 1.1473. Stop loss — 1.1620. Implementation period: 1-2 days. [IMG]http://s1.radikale.ru/uploads/2018/9/3/b12592c756f71851d3e4b30a21f59d65-full.png[/IMG] [/QUOTE]

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