FX.co - EUR/USD - Poteential for the another drop towards 1.1775

2021-09-10T11:14:19

Relevance until2021-09-11

Technical analysis:

EUR/USD - Poteential for the another drop towards 1.1775

EUR/USD has been trading downside and I see further bear continuation towards 1,1800 nad 1,1775

Trading recommendation:

Due to downside trade and bear flag pattern in creation, watch for selling opportunities on the rallies.

Downside targets are set at the price of 1,1800 and 1,1775

Stochastic showed fresh bear cross, which is another indication for the downside movement.

*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 - Poteential for the another drop towards 1.1775