EUR/USD – Building up a corrective rally

Posted Tuesday, September 11, 2018 by
Arslan Butt • 1 min read

Fellas, it’s been a quiet session so far and the forex market is trading sideways. Same is the case with the EUR/USD.

Earlier today, we opened a forex trading signal to buy EUR/USD at 1.1587 to target quick 30 pips, but the market is very slow.

The technical outlook of the EUR/USD is a bit mixed and it seems like the investors are staying out of the pair ahead of German ZEW Economic Sentiment.

Anyway, the common currency seems to carry a slightly bullish trend as the prices of EUR/USD are still trading above 50- periods EMA. Not only that, the RSI is also trading above 50, demonstrating the bullish bias of traders.

So, I’m sticking with my trading signal, but stay tuned to FX Leaders trading signals page for constant updates!

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About the author

Arslan Butt is our Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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