Market Analysis of EURUSD on Wednesday 24 August 2022

2022-08-24 09:51Source:BtcDana

EUR/USD Intraday: bullish bias above 0.9940.

 

Pivot:

0.9940

 

Our preference:

Long positions above 0.9940 with targets at 1.0000 & 1.0020 in extension.

 

Alternative scenario:

Below 0.9940 look for further downside with 0.9920 & 0.9900 as targets.

 

Comment:

The RSI calls for a bounce.

https://asset.onetrader.online/upload/file/1661270400000/1661305919352.png

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