The EURUSD attempts to recover – Analysis - 17-08-2022

2022-08-17 04:18:06 GMT (Economies.com)
 

The EURUSD pair shows positive trades after approaching 1.0100 level in the previous sessions, to head towards potential test to 1.0200 level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the bearish wave that its next target extends to reach 1.0010.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1.0200 level and holding above it.

 

The expected trading range for today is between 1.0090 support and 1.0220 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0496
-0.0094
0.8897%
1.2177
-0.0129
1.0448%
22.361
-0.795
3.435%
76.680
-4.795
5.885%
82.22
-0.40
0.48%
1773.205
-22.355
1.245%
 
 
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