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16.09.202110:28 Forex Analysis & Reviews: Trading idea for EUR/USD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 16.09.2021 analysis

The plan presented yesterday was for raising quotes, but EUR / USD closed with another pin bar in the trend.

Exchange Rates 16.09.2021 analysis

The pinbars were formed during the US sessions, which suggests that Americans are working to strengthen dollar:

Exchange Rates 16.09.2021 analysis

Considering this, it is best to reduce long positions and wait for further movements upward. More specifically, wait until EUR/USD hit the target levels stated in the article yesterday.

This analysis is based on Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko
Analytical expert of InstaForex
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