Market Analysis of EURUSD on Tuesday 9 August 2022

2022-08-09 10:00Source:BtcDana

EUR/USD Intraday: bullish bias above 1.0170.

 

Pivot:

1.0170

 

Our preference:

Long positions above 1.0170 with targets at 1.0220 & 1.0240 in extension.

 

Alternative scenario:

Below 1.0170 look for further downside with 1.0155 & 1.0140 as targets.

 

Comment:

The RSI calls for a bounce.

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