EURUSD 23-09-2022 Forexoverflow Analysis

As on 23rd of September 2022, we could clearly find EURUSD is under heavy selling pressure from past four days. It has clearly broken its pilot and support first stage and selling pressure looms on it which is being confirmed by 20 EMI is at a far distance, even if we check the RSI is clearly downward facing 34 value mark clearly showing the strength is weakening. On the other hand.

The contra trend of dollar index is at the verge to hit 112 mark again duly supported by RSI above 60 on daily basis and the price remains above 20 year me clearly showcases that EURUSD may further weaken to some extent & may find support at 0.96000 levels.