Analysis and forecasts for EUR / USD 09/21/16

The shape of the candle daily may suggest further declines, but whereas the Wednesday meeting of the FOMC, it seems more probable expectation and thus - lateral trend between 1,1149-1,1180. More likely to see declines in the evening and the movement of such could take place after the meeting of the Fed. Therefore, you should reckon with a fracture of the recent lows 1.1149 and 1,1123-30 (hole of 31 August). Further props levels are 1.1076 (23.6% fib level falls 1,11617-1,0909) and 1.1045 (minimum of 5 August). Very strong support levels zone extends between 1,0950-76.

In my opinion, a variant of further declines, and supply advantage for me is the preferred option. Negating this option will transfer pigeons Fed, which will lead to strong growth towards 1.1285 and 1.1346.

On Wednesday evening, after the meeting of the Federal Reserve, should expect strong fluctuations on the Eurodollar market.