Market Analysis of EURUSD on 18 August 2022

2022-08-18 10:01Source:BtcDana

EUR/USD Intraday: key resistance at 1.0200.

 

Pivot:

1.0200

 

Our preference:

Short positions below 1.0200 with targets at 1.0155 & 1.0135 in extension.

 

Alternative scenario:

Above 1.0200 look for further upside with 1.0220 & 1.0240 as targets.

 

Comment:

As long as 1.0200 is resistance, look for choppy price action with a bearish bias.

https://asset.onetrader.online/upload/file/1660752000000/1660788134038.png

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