Market Analysis of EURUSD on Wednesday 31 August 2022

2022-08-31 09:47Source:BtcDana

EUR/USD Intraday: towards 1.0070.

 

Pivot:

0.9995

 

Our preference:

Long positions above 0.9995 with targets at 1.0050 & 1.0070 in extension.

 

Alternative scenario:

Below 0.9995 look for further downside with 0.9980 & 0.9965 as targets.

 

Comment:

The RSI calls for a bounce.

https://asset.onetrader.online/upload/file/1661875200000/1661910511530.png

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