EURUSD Sep.18, 2021 - review of possibilities.

Inputs :
- daily/weekly close was under 1.1802 (providing support for a 6 straight trading days) - bearish.
- failed to provide reversal at first level at 1.1749/51 - bearish.
- market imo mostly short USD ag XXX - bearish.
- overall situation on financial markets bad while they are on historical highs - bearish.
- technically we have opportunity to buy at 1.1699 with tight stop/reverse order - bullish short term (expected max. target 1.1801) scalp only! high risk! not 2 everyone!

Conclusion: We need to watch 1.1699 support closely first, any hourly close below is bearish, any 15min close above slightly bullish.

Trade safe and wise.

Commentaire:

Not legal and financial advice;
Any information provided here is only the personal opinion of the author.

Commentaire:

So, 1.1699 holds pips in pips and common currency shows resilience.
Closed my shorts in this pair, will try to sell a bit higher around 1.1756 approximately.
Still waiting for lower levels before minor turn to the upside.
Trade safe and wise.

Commentaire: