FX.co - EUR/USD analysis for September 07, 2021 - Reversal of the upside trend and potential test of 1.1800

2021-09-07T11:06:17

Relevance until2021-09-08

Technical analysis:

EUR/USD analysis for September 07, 2021 - Reversal of the upside trend and potential test of 1.1800

EUR/USD has been trading sideways at the price of 1,1875 but there is is opportunity for the downside movement.

Trading recommendation:

Watch for selling opportunities on the rallies due tto the breakout of the previous day low yesterday and thee fresh bear cross on the oscillator.

Downside target is set at the price of 1,1800

Key resistance is set at the price of 1,1910

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for September 07, 2021 - Reversal of the upside trend and potential test of 1.1800