FX.co - EUR/USD analysis for September 15, 2021 - Absorption of the buying climax and potential for downside cycle

2021-09-15T11:49:21

Relevance until2021-09-16

Technical analysis:

EUR/USD analysis for September 15, 2021 - Absorption of the buying climax and potential for downside cycle

Absorption of the Buying climax in the background and potential for the downside movement.

Trading recommendation:

Watch for selling opportunities due to buying climax in the background and bear divergence this morning.

Downside target is set at 1,1800

Stochastic is showing bear divergence and fresh bear cross into extreme zone, which is another sign and confirmation for the downside rotation.

Resistance is set at 1,1830

*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 15, 2021 - Absorption of the buying climax and potential for downside cycle