EUR / USD and its rebound in the downtrend

As expected after sharp increases in the pair after it first fell on the occasion of Mario Draghi's statements about monetary policy, the pair EUR / USD It has bounced off the downtrend we see in the picture. In this way, for now it is still confirmed that the best operations are for sale since the market continues to confirm lower and higher highs, and specifically that bearish signal should continue to lead us towards the fundamental objective of 1,098, and if it could confirm its rupture could even reach the ground of 1,085, although this could take longer. Specifically, this bearish signal will be much clearer in EUR / USD when the shortest price closes below the ground of 1.1067. The bullish signals in favor of trend should not occur unless the chart manages to break above the 1,115 ceiling, something for the time being quite unlikely.

It is also necessary to highlight that this week will be starring the Federal Reserve, who this Wednesday, September 18, will announce the, as well as all the details on monetary policy, which could strongly affect the pair , and generate important changes in the trend, so we must be very attentive and not perform operations at that precise moment until the market returns to calm.

For more optimal operations, it is recommended to operate between 9:00 and 18:00 Spanish time. Outside these schedules, the low volume of operations can generate unexpected volatilities. Finally, it is important to keep in mind a correct risk management. Never over-operate and manage the risk of each open operation.