Forex: Could EUR/USD (Euro To US Dollar) Move Downward!?

The Markets Still Hope That The Fed May Consider Softer Decision

Technical analysis:

EUR/USD has been trading upside this morning but I see potential for the downside rotation due to lack for the buying power.

Trading recommendation: Due to the rejection of the resistance at 1.0016 I see potential for further downside movement. Watch for potential selling opportunities on the rallies with the downside objectives at 0.9950 and 0.9910. Stochastic oscillator is showing fresh bear cross, which his sign that downside rotation is possible. Key resistance is set at the price of 1.0016

Read more:


Relevance up to 10:00 2022-08-26 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more:

The Markets Still Hope That The Fed May Consider Softer Decision

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker regulated by CySec with license number 266/15.


Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). Consequently, InstaForex has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds. Besides, the broker ensures the Negative balance protection. So, the reliability and trustworthiness of this broker raise no doubts.


Instaforex offers access to more than 2,500 instruments (Stocks CFDs, ETFs, IPOs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms, trading accounts in EUR, USD, PLN, CZK, GBP.


More information at:

Follow InstaForex on:

Twitter | LinkedIn