logo

FX.co ★ Trading plan for the EUR/USD pair on September 21. The euro is trying to move down in the market.

Trading plan for the EUR/USD pair on September 21. The euro is trying to move down in the market.

Trading plan for the EUR/USD pair on September 21. The euro is trying to move down in the market.

A clear decrease in coronavirus incidence is seen in the United States and Brazil, having recorded daily cases only at 37 thousand and 15 thousand respectively.

Unfortunately, the same can not be said in India, which recorded cases at a huge amount of 75 thousand a day.

In Europe, a strong second wave is also happening in France and Britain, listing about 4-5 thousand cases per day.

The whole world is waiting for a vaccine, but it will probably not be ready until November.

Trading plan for the EUR/USD pair on September 21. The euro is trying to move down in the market.

A new low is seen in the US market, but a further fall is not expected.

Meanwhile, large investors are awaiting the November presidential election. If Biden wins the race, taxes will increase on big businesses, which will negatively affect the stock market.

Sell after a rebound, and buy only after a breakout from the daily fractals.

Trading plan for the EUR/USD pair on September 21. The euro is trying to move down in the market.

EUR/USD: The euro is attempting another fall.

Set short positions from 1.1735, and take profit around the level of 1.1780.

The target price level is 1.1450.

In case of an upward reversal, buy from the level of 1.1875.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account