We're flat | 16 September 2021

16 September 2021, EUR/USD

Technical observation

EUR is trading with an increasing bearish bias just above a supportive zone 1.1782-1.1777, I expect a continuation of this bearish movement to the zone I have mentioned above followed by a bounce within it for a momentum to the upper side. My advice, remain flat and wait for a correction to the zone 1.1782-1.1777 and a rejection within it to buy EUR with your take profit at 1.1882 and stop loss at 1.1751. In case price is not contained above the zone 1.1782-1.1777 and instead it clear breaks below it with a big red candle, I expect a retracement to the just broken zone followed by a momentum to the lower supportive level 1.1697.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus