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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Wave analysis of EUR/USD for September 21, 2021



The initial part of the upward wave is currently forming, which looks like an impulse. It is assumed that the market has completed the construction of the upward wave (1), and it seems that the formation of the downward correction (2), which took the form of a double zigzag W-X-Y, has ended.

Thus, in the coming trading days, the market is expected to rise within a larger impulse wave (3). The first target for closing deals is at the previous high - 1.1911, which was marked by the subwave (1). It is recommended to consider opening buy deals and set take profit at the specified level.

Today, at 14:30 UTC, ECB President Christine Lagarde will deliver a speech to set short-term interest rates, which can accelerate the growth of the currency pair, which means there is a good opportunity to make money.

The material has been provided by InstaForex Company -