FX.co - EUR/USD analysis for September 14, 2021 - Buying climax after the news and potential for the downside continuation

2021-09-14T15:20:24

Relevance until2021-09-15

Technical analysis:

EUR/USD analysis for September 14, 2021 - Buying climax after the news and potential for the downside continuation

EUR/USD has been trading upside after the today's CPI in us but I see potential for the downside movement and downside continuation.

Trading recommendation:

Watch for selling opportunities due to climatic action and potential for the absorption.

Downside target is set at the price of 1,1775.

Stochastic is showing bearish divergence and fresh bear cross, which is another sign for the weakness...

Resistance is set at the price of 1,1875

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for September 14, 2021 - Buying climax after the news and potential for the downside continuation