28 сентября 2020, EUR/USD
Technical observation
EUR is pulling back to a zone 1.1735-1.1715 it recently broke below with a big red candle. I expect a rejection of price within the same zone for possible bearish price movements towards the supportive level 1.1453. In case there is a clear break below the line 1.1453 with a big red candle, you can anticipate further bearish price rally towards the supportive zone 1.1150-1.1131 after a correction to the broken line, or even lower to the supportive line 1.0793. My advice, wait for a correction to the zone 1.1735-1.1715 and a bounce within it to sell EUR with your take profit at 1.1453 and stop loss at 1.1845.
Trade recommendation
Wait for a correction to 1.1735-1.1715 to sell EUR.
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