We are bearish towards 1.1666 | 28 Septiembre 2021

28 Septiembre 2021, EUR/USD

Technical observation

EUR is declining steadily towards the supportive level 1.1666,I expect a continuation to the same line followed by either a clear break below it with a big red candle, or a bounce at it followed by another retracement to the resistance zone 1.1749-1.1744. If you sold this pair within the zone 1.1749-1.1744, remain short and pick your take profit at the level 1.1666, in case of a breakout below the level 1.1666, wait for a retracement to it and a rejection confirming possible bearish movements of price before you continue short with this pair. As it is on the 4 hour chart above, as long as price is below the zone 1.1749-1.1744, I can only recommend short positions for EUR.

Trade recommendation

Remain short with your take profit at 1.1666.

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.