We're flat | 23 September 2021

Technical observation

On the 4 hour chart above, price is trading with an increasing bullish bias between a supportive level 1.3570 and a resistance level 1.3681, this upwards movement is a retracement to the key level 1.3681 and I expect a rejection of it at the same line for a rally to the lower side. My advice, remain flat temporarily and wait for a correction to the line 1.3681 then sell a bounce at it with your take profit at 1.3570. In case there is a clear breakout below the supportive level 1.3570, I expect the value of this pair to plummet to the lower side. On the other hand , in case of a clear break above the level 1.3681, I expect a surge to the upper side.

Trade recommendation

Remain flat.