REDATOR Ben Graham Posted September 19, 2025 REDATOR Report Share Posted September 19, 2025 The pair is under pressure not of a fundamental but of a technical nature. After the Fed decided at its meeting to cut the key interest rate by 0.25%, the market began taking profits from previous dollar sales, including against the euro. This trend may locally continue amid Europe's negative economic problems, as well as the effective plundering by the US and its involvement in the war in Ukraine.From a technical standpoint, the pair is trading below the resistance level of 1.1775, which may hold, meaning there is a chance of further decline until profit-taking from earlier dollar sales is fully completed. However, this decline will be limited, as two more Fed rate cuts are expected before year-end.Technical picture and trading idea:The price is below the middle line of the Bollinger Bands, below the SMA 5 and SMA 14, which have previously crossed, generating a sell signal. RSI is moving below the 50% level, reinforcing the bearish trend. Stochastic indicators are turning downward above the oversold zone.A consolidation of the pair below 1.1775 may encourage a limited decline toward 1.1695. A level for selling could be considered at 1.1748.The material has been provided by InstaForex Company - www.instaforex.com Visitante_02f609fd, Visitante_b5ee72f2, Visitante_7d5bad36 and 3 others 1 3 1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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