14 September 2021, EUR/USD
Technical observation
On the hourly chart above price rose to a resistance zone 1.1814-1.1810 but could not penetrate above it, it is currently trading with an increasing bearish bias within the same zone and I expect a continuation of this downwards movement to the supportive level 1.1773. My advice, pick short positions right now within the zone I have mentioned above with your take profit at 1.1773 and stop loss at 1.1826. In case of a clear penetration below the supportive level 1.1773 with a big red candle, I anticipate a further momentum to the lower supportive level 1.1728, on the flip side, in case of a break above the zone 1.1814-1.1810; I expect a momentum to the upper side.
Trade recommendation
Sell EUR within the zone 1.1814-1.1810 with your take profit at 1.1773.
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