FX.co - EUR/USD analysis for September 09, 2021 - Completion of the ABC upside correction in the play

2021-09-09T11:52:59

Relevance until2021-09-10

Technical analysis:

EUR/USD analysis for September 09, 2021 - Completion of the ABC upside correction in the play

EUR/USD has been trading upside this morning but I see potential for the downside continuation towards 1,1850.

Trading recommendation:

Watch for selling opportunities due to potential completion of the ABC upside correction and downside continuation.

Downside targets are set at thee price of 1,1805 and 1,1750.

Key resistance is set at the price of 1,1840

*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 09, 2021 - Completion of the ABC upside correction in the play