FX.co - Evening review on September 22, 2020

22 September 2020 at 12:13PM (UTC+0)

Relevance until23 September 2020 at 12:06PM (UTC+0)

The euro traded downward and has broken through monthly lows at 1.1735. After this, it sharply rebounded, and then renewed its minimum again.

At present, it again attempts to make a rebound. However, there is a serious struggle at the level of 1.1700.

You may keep keep selling at 1.1735 with a stop at 1.1780.

You may sell from 1.1720.

In case of a rebound, you may open purchases from 1.1875.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Evening review on September 22, 2020