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Looking to sell within 1.1758-1.1752

Looking to sell within 1.1758-1.1752 | 23 September 2021

23 September 2021, EUR/USD

Technical observation

EUR retraced to the resistance zone it established at 1.1758-1.1752 but could not break above it; price bounced below the zone then went down with a big red candle. Right now it is trading with an increasing bullish bias and expect a continuation of this upwards movement to the zone I mentioned above followed by a rejection within it for a surge to the lower side. My advice, wait for a correction to the zone 1.1758-1.1752 and short EUR within it with your take profit at 1.1668 and stop loss at 1.1789, on the chart above, as long as price is below the zone 1.1758-1.1752 I can only recommend bearish positions for this pair.

Trade recommendation

Wait for a correction to the zone 1.1758-1.1752 to sell EUR.

Imelda Maseno
Analyst of «FreshForex» company
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