21 September 2021, EUR/USD
Technical observation
EUR is trading with an increasing bullish bias above a supportive level 1.1699, my expectation is a continuation of this upwards movement to the 1.1781-1.1777 followed by a rejection within it for a momentum to the lower side. Wait for a correction to the zone I have mentioned above and sell a bounce within it with your take profit at 1.1699 and stop loss at 1.1803. In case there is a clear breakout a below the key level 1.1699 with a big red candle, I anticipate price to plummet further to the lower side, on the other hand, if price is not contained below the zone 1.1781-1.1777 and instead it breaks above it, I expect a surge to the upper side.
Trade recommendation
Wait for a correction to the zone 1.1781-1.1777 to sell EUR.
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