Market Analysis of EURUSD on Thursday 25 August 2022

2022-08-25 09:56Source:BtcDana

EUR/USD Intraday: key resistance at 1.0000.

 

Pivot:

1.0000

 

Our preference:

Short positions below 1.0000 with targets at 0.9930 & 0.9910 in extension.

 

Alternative scenario:

Above 1.0000 look for further upside with 1.0020 & 1.0040 as targets.

 

Comment:

As long as 1.0000 is resistance, look for choppy price action with a bearish bias.

https://asset.onetrader.online/upload/file/1661356800000/1661392614197.png

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.



More