Market Analysis of EURUSD on Thursday 11 August 2022

2022-08-11 09:56Source:BtcDana

EUR/USD Intraday: the bias remains bullish.

 

Pivot:

1.0265

 

Our preference:

Long positions above 1.0265 with targets at 1.0340 & 1.0365 in extension.

 

Alternative scenario:

Below 1.0265 look for further downside with 1.0240 & 1.0220 as targets.

 

Comment:

The RSI calls for a bounce.

https://asset.onetrader.online/upload/file/1660147200000/1660183548456.png

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