Market Analysis of EURUSD on Wednesday 17 August 2022

2022-08-17 09:54Source:BtcDana

EUR/USD Intraday: bullish bias above 1.0140.

 

Pivot:

1.0140

 

Our preference:

Long positions above 1.0140 with targets at 1.0195 & 1.0220 in extension.

 

Alternative scenario:

Below 1.0140 look for further downside with 1.0120 & 1.0100 as targets.

 

Comment:

The RSI calls for a bounce.

https://asset.onetrader.online/upload/file/1660665600000/1660701271027.png

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