EUR/USD analysis for April 09 2021 - Potential for the the drop towards 1.1825

Further Development

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Analyzing the current trading chart of EUR, I found that major resistance at the price of 1.1900 is on the test and that selling can be in play for today.

My advice is to watch for selling opportunities on the rallies with the downside target at 1.1825 and 1.1745.

Stochastic is still overbought, which is another sign of the potential weakness on the EUR.

The material has been provided by InstaForex Company - www.instaforex.com

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