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

Technical analysis:

analytics6140bd7b05bc9.jpg

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

Pages