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EUR/USD Potential Drop as the Price is at Historical Resistance

By
Nenad Kerkez
Published: Sep 6, 2021, 08:13 GMT+00:00

The EUR/USD is at important resistance. We could see a drop if the price doesn’t break 1910.

EUR/USD Potential Drop as the Price is at Historical Resistance

Historical patterns show good candlestick configuration for taking shorts. Look for rejections around M H3 1860-70. If the price stays bearish we should be seeing a good drop towards 1.1800 and 1.1750. The final target is 1.1700 where the price might be bought. However, as this is a counter trend trade, watch for 1.1800 first.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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