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15.09.202112:39 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.

The situation in EUR / USD did not change, except for the appearance of a good sellers' area at 1.18500.

Exchange Rates 15.09.2021 analysis

This level is clearly visible on the hourly TF:

Exchange Rates 15.09.2021 analysis

But the negative factor for longs is yesterday's selling pressure amid the lower-than-expected data on US inflation.

Even so, bullish positions can be maintained, with targets at 1.18500 and 1.19. And if possible, the transactions could be set above the target levels.

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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