FX.co - EUR/USD analysis for September 20, 2021 - Sellers in control and potential test of 1.1670 in the next period

2021-09-20T12:29:58

Relevance until2021-09-21

Technical analysis:

EUR/USD analysis for September 20, 2021 - Sellers in control and potential test of 1.1670 in the next period

EUR has been trading downside as we expected. The EUR is heading towards the level of 1,1670.

Trading recommendation:

Due to strong downside pressure and the breakout of the support in the background, watch for selling opportunities on the rallies.

Downside target is set at the price of 1,1670

Stochastic is showing new low on the slow line, which is another confirmation for the strong selling pressure.

*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 20, 2021 - Sellers in control and potential test of 1.1670 in the next period