FXOpen Trader

EUR/USD Gains Momentum, USD/CHF Eyes Upside Break EUR/USD started a decent increase and it broke the 1.1800 resistance zone. USD/CHF is rising, but it is facing a major resistance near 0.9185-0.9190. Important Takeaways for EUR/USD and USD/CHF The Euro started a fresh increase from well below 1.1700 against the US Dollar. There is a major bullish trend line forming with support near 1.1800 on the hourly chart of EUR/USD. USD/CHF started a fresh increase from the 0.9120 support zone. There was a break above a key bearish trend line with resistance near 0.9165 on the hourly chart. EUR/USD Technical Analysis The Euro formed a support base above 1.1680 and started a fresh increase against the US Dollar. The EUR/USD pair broke the 1.1750 resistance zone to move into a positive zone. The pair even surpassed the 1.1800 resistance zone and it settled above the 50 hourly simple moving average. Finally, there was a spike above the 1.1840 level. A high was formed near 1.1845 on FXOpen before the pair started a downside correction. There was a break below the 1.1820 and 1.1810 levels. The pair declined below the 23.6% Fib retracement level of the upward move from the 1.1734 swing low to 1.1845 high. It is now consolidating above the 1.1800 support zone. There is also a major bullish trend line forming with support near 1.1800 on the hourly chart of EUR/USD. The next major support is near the 1.1790 level. It is near the 50% Fib retracement level of the upward move from the 1.1734 swing low to 1.1845 high. The main support is near the 1.1780 level. A downside break below the 1.1780 support could start another decline. On the upside, an initial resistance is near the 1.1820 level. The main resistance is near 1.1850. If there is an upside break above the 1.1850 resistance zone, the price could rise steadily towards the 1.1920 resistance zone. Read Full on FXOpen Company Blog...

Changes in Trading Hours On US Labor Day Dear Traders, Due to the forthcoming Labor Day official federal holiday in the US, trading hours for some financial instruments will be changed. Please see the Monday, September 6 schedule below and consider this information as you plan your trading (all times given are GMT/UTC+3): Metal CFDs: Gold (XAUUSD): trading session ends at 20:00 Silver (XAGUSD): trading session ends at 20:00 Commodity Spot Market: UK Brent (XBRUSD): trading session ends at 19:45 US Crude (XTIUSD): trading session ends at 19:45 US Natural Gas (XNGUSD): trading session ends at 19:45 Indices: Japan 225 (#J225): until 20:00 US SPX 500 (Mini) (#SPXm): until 20:00 US Tech 100 (Mini) (#NDXm): until 20:00 Wall Street 30 (Mini) (#WS30m): until 20:00 Stock CFDs: no trading. Other indices will be traded as usual. FXOpen Company News

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