Market Analysis of EURUSD on Tuesday 23 August 2022

2022-08-23 09:55Source:BtcDana

EUR/USD Intraday: the downside prevails.

 

Pivot:

0.9990

 

Our preference:

Short positions below 0.9990 with targets at 0.9900 & 0.9870 in extension.

 

Alternative scenario:

Above 0.9990 look for further upside with 1.0020 & 1.0045 as targets.

 

Comment:

The RSI is bearish and calls for further decline.

https://asset.onetrader.online/upload/file/1661184000000/1661219769444.png

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