Market Outlook of EURUSD on Tuesday September

Technical Analysis
EURUSD have big potential to sell around 1.06752. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.06982.


Fundamental Analysis
The US dollar was relatively stable yesterday, September 18, 2023. It closed at 105.08 against a basket of major currencies, up slightly from the previous day.

The dollar has been on a tear in recent months, reaching a two-decade high against the euro in July. This is due to a number of factors, including the Federal Reserve's aggressive interest rate hikes, the ongoing war in Ukraine, and the perception that the US economy is more resilient than other economies in the world.
 DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete