Sorry, you need to enable JavaScript to visit this website.

EUR/USD Signal - EUR Industrial Production - 15 Sep 2021

You are here

»
Signal Details
Entry Price: 
1.1802
Take Profit: 
1.1850
Stop Loss: 
1.1770
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURUSD is in a widening wedge pattern prior to the EUR Industrial Production data this evening, which measures the the volume of production of Industries such as factories and manufacturing. Technically the pair bounced from support two days ago, and we've seen daily candles form higher highs, despite closing down. The bearish widening wedge pattern is typically a bullish indication, and we are looking for a move back into the 1.1850 resistance.

Submitted by Toni H. on Wed, 15 Sep 2021 00:34:21 GMT

Live Broker Spreads

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

Site Pages

Legal Pages

Social Corner

Trading tools