EURUSD SEP, 20 2021

Technical Analysis
Monday, September 20, 2021 - 13:54
Point Trader Group

Overview: 

The pair is trading in a short-term downtrend.

Expected scenario:

We notice on the chart that the pair is approaching a strong support level around 22.20 - 21.64, which enhances the chances of ascending during the upcoming period to 23.90

Alternative scenario:

On the other hand, we see that if the 1.1750 level is broken downwards, it may push this pair down to 1.1700

 

Resistance

1.1790

1.1820

1.1850

Support

1.1750

1.1700

1.1670

 


*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.


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