FX.co ★ EUR/USD analysis for September 28, 2021

Technical analysis:

EUR is trading inside of the downside channel. The trend is downside and selling opportunities on the rallies is preferable strategy under current condition.

Trading recommendation:

Watch for selling opportunities on the rallies with the potential downside target at 1,1665 (multi month low).

Stochastic oscillator is showing bullish divergence, which is sign that the rally is in play.

Key resistance is set at the price of 1,1700