Market Analysis of EURUSD on Friday 12 August 2022

2022-08-12 09:49Source:BtcDana

EUR/USD Intraday: key resistance at 1.0360.

 

Pivot:

1.0360

 

Our preference:

Short positions below 1.0360 with targets at 1.0275 & 1.0250 in extension.

 

Alternative scenario:

Above 1.0360 look for further upside with 1.0380 & 1.0400 as targets.

 

Comment:

As long as the resistance at 1.0360 is not surpassed, the risk of the break below 1.0275 remains high.

https://asset.onetrader.online/upload/file/1660233600000/1660269012484.png

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