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21.09.202109:29 Forex Analysis & Reviews: Indicator analysis. Daily review of EUR/USD for September 21, 2021

Trend analysis (Fig. 1).

The EUR/USD pair may move upward from the level of 1.1724 (closing of yesterday's daily candle) with the target of 1.1749 - the 23.6% retracement level (yellow dashed line). After a test of this level, the price may continue to move upward with the target of 1.1779 - the 38.2% retracement level (yellow dashed line).

Exchange Rates 21.09.2021 analysis

Fig. 1 (daily chart)

Comprehensive analysis:

- Indicator analysis - up;

- Fibonacci levels - up;

- Volumes - up;

- Candlestick analysis - up;

- Trend analysis - up;

- Bollinger lines - up;

- Weekly chart - up.

General conclusion:

Today, the price may move upward from the level of 1.1724 (closing of yesterday's daily candle) with the target of 1.1749 - the 23.6% retracement level (yellow dashed line). After a test of this level, the price may continue to move upward with the target of 1.1779 - the 38.2% retracement level (yellow dashed line).

Unlikely scenario: the price may move downward from the level of 1.1724 (closing of yesterday's daily candle) with the target at 1.1699 - the 85.4% retracement level (red dotted line). After a test of this level, the price may continue to move upward with the target at 1.1730 - the 14.6% retracement level (yellow dashed line).

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Stefan Doll,
Chuyên gia phân tích của InstaForex
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