empty
 
 

23.09.202119:35 Forex Analysis & Reviews: September 23, 2021 : EUR/USD daily technical review and trading opportunities.

Exchange Rates 23.09.2021 analysis

Recently, Persistence below the depicted price zone of 1.1990 indicated further downside movement towards 1.1840 and 1.1780 where a sideway consolidation range was established.

During last week, the EURUSD pair has been trapped within a narrow consolidation range between the price levels of 1.1780 and 1.1840. A bullish breakout was executed above 1.1840 shortly after.

Temporary Upside pullback was expected towards 1.1990. However, re-closure below the price level of 1.1840 has initiated another downside movement towards 1.1780 which failed to hold prices for a short period of time before significant upside movement was presented into market.

Intraday traders were advised to wait for candlestick closure above 1.1780 - 1.1840 for another ascending swing to be initiated. However, immediate downside selling pressure brought the pair down towards 1.1700.

Currently, the price zone around 1.1700 remains a prominent demand-zone to be watched for BUYING pressure and a possible BUY Entry.

Initial targets are expected to be projected towards 1.1750, 1.1840 and 1.1910. S/L should be placed below 1.1680.

On the other hand, any downside decline below 1.1700 will enhance further bearish decline towards 1.1670 and 1.1610.

*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。

Mohamed Samy,
Analytical expert of InstaForex
© 2007-2021
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.