FX.co - EUR/USD analysis for September 13, 2021 - Sellers in control and potential for the drop towards 1.1680

2021-09-13T11:10:49

Relevance until2021-09-15

Technical analysis:

EUR/USD analysis for September 13, 2021 - Sellers in control and potential for the drop towards 1.1680

EUR/USD has been trading downside as I expected. I see potential for the another drop towards the 1,1680.

Trading recommendation:

Watch for the selling opportunities on the rallies with the downside target at the price of 1,1680

The main cause for the downside cycle is breakout of the rising trend line and fresh bear cross into the extreme.

Stochastic oscillator is showing no signs for the reversal and the downside control.

*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 13, 2021 - Sellers in control and potential for the drop towards 1.1680