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06.09.2021: Forex Analysis & Reviews: EUR/USD analysis for September 06, 2021 - Absorption of the buying climax in the background and potential for bigger drop


Technical
analysis:

analytics6135ff78e7e99.jpg


Absorption
of the climatic buying from Friday. Watch for potential downside
movement and test of 1,1800


Trading
recommendation:


Due
to absorption of the buying climax in the background and the breakout
of the rising trend line, I see potential for the drop towards 1,1800.


Watch
for selling opportunities with the downside targets at 1,1835 and
1,1800.


Key
resistance is set at the price of 1,1905

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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