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

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Forex Analysis:::2021-09-16T13:04:10

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

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

Analyst InstaForex
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