EURUSD SEP, 20 2021

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

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

 

  Disclosure of risk:     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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