FX.co - EUR/USD - Sellers in control and potential test of 1.1740

2021-09-16T13:04:10

Relevance until2021-09-17

Technical analysis:

EUR/USD - Sellers in control and potential test of 1.1740

EUR/USD has been trading downside as I expected. Sellers opportunities on the rallies are still preferable.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside targets at 1,1735 and 1,1670.

Stochastic oscillator is showing no signs for the reversal, which is sign that sellers are in control.

Resistance is set at 1,1800

*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 - Sellers in control and potential test of 1.1740