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22.09.202109:48 Forex Analysis & Reviews: Indicator analysis. Daily review of EUR/USD for September 22, 2021

Trend analysis (Fig. 1).

The market 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). A test of this level may lead to continued upward movement with the target at 1.1779 - the 38.2% retracement level (yellow dashed line). Much will depend on the news that comes out at 18:00 and 18:30 UTC.

Exchange Rates 22.09.2021 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). A test of this level may lead to continued upward movement with the target at 1.1779 - the 38.2% retracement level (yellow dashed line).

Alternative scenario: from the level of 1.1724 (closing of yesterday's daily candle), the price may move down with the target at 1.1700 - the lower fractal (yellow dashed line). A test of this level may lead to an upward reversal 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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