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10.09.202107:30 Forex Analysis & Reviews: EUR/USD pair accumulation zone and options to leave the flat

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.

Today, the EUR/USD pair continues to trade within the flat formed two days ago. Since the instrument is trading within the range, t is not necessary to consider options for entering a position.

To enter a trade, one should leave the flat. There is a 50% probability of consolidating above/below the borders of the flat, which indicates the need to refrain from transactions until the close of today's European trading session.

Exchange Rates 10.09.2021 analysis

It should be noted that will be forced to follow which direction the price chooses. To confirm the truth of the flat breakdown, it is necessary to wait for the closing of the European or American session. The priority may become the main one for the following week. The target to rise is the 1.1913 level, while the target to decline is the weekly control zone of 1.1733-1.1716.

Samanta Kruder
Analytical expert of InstaForex
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