Market Analysis of EURUSD on Friday 5 August 2022

2022-08-05 13:24Source:BtcDana

EUR/USD Intraday: further advance.

 

Pivot:

1.0210

 

Our preference:

Long positions above 1.0210 with targets at 1.0270 & 1.0290 in extension.

 

Alternative scenario:

Below 1.0210 look for further downside with 1.0190 & 1.0170 as targets.

 

Comment:

The RSI is bullish and calls for further upside.

https://asset.onetrader.online/upload/file/1659628800000/1659677063589.png

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