Market Analysis of EURUSD on Friday 19 August 2022

2022-08-19 09:52Source:BtcDana

EUR/USD Intraday: under pressure.

 

Pivot:

1.0125

 

Our preference:

Short positions below 1.0125 with targets at 1.0060 & 1.0040 in extension.

 

Alternative scenario:

Above 1.0125 look for further upside with 1.0150 & 1.0180 as targets.

 

Comment:

The RSI is bearish and calls for further downside.

https://asset.onetrader.online/upload/file/1660838400000/1660873945747.png

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