Monthly technical analysis on the EURUSD chart for September (9) 2020

The Eurodollar on the weekly chart broke the downtrend for several weeks and is trading above it with a big positive. Trading in current prices is not recommended for medium and long term traders, but traders are advised according to the above chart. Buying from testing the downtrend with far-reaching swing deals while maintaining a suitable stop loss below the broken trend, as this trend is the pivot for the pair until the end of the year.

But in the event that the price rose with the same positivity, the next selling points will be the following resistances at levels 1.2103 - 1.2323, and the selling targets will also swing, while maintaining an appropriate stop loss above the level of 1.2323.

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