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15.09.202121:45 Forex Analysis & Reviews: EUR/USD Decline Seems Over

Exchange Rates 15.09.2021 analysis

EUR/USD found demand, support, at 1.1781 and now it could challenge the downtrend line which represents an upside obstacle, a dynamic resistance. The pair could extend its downside movement only if it drops below 1.1781 former low.

The pair could develop an upside movement if it jumps above the downtrend line and if it passes above 1.1841 former high.

Trading Conclusion!

We may have a good buying opportunity if EUR/USD jumps above 1.1841 high. 1.1900 psychological level is seen as a potential upside target.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2021
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