Market Analysis of EURUSD on Monday 21 August 2023

2023-08-21 10:19Source:BtcDana

EUR/USD Intraday: the bias remains bullish.

 

Pivot:

1.0845

 

Our preference:

Long positions above 1.0845 with targets at 1.0895 & 1.0910 in extension.

 

Alternative scenario:

Below 1.0845 look for further downside with 1.0830 & 1.0815 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

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