EUR/USD Potential Drop as the Price is at Historical Resistance
September 6, 2021
1 min read
Dear traders,
The EUR/USD is at important resistance. We could see a drop if the price doesn’t break 1910.
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.
The Analysis has been done with the Black Widow system.
Good trading,
Nenad Kerkez
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