Technical Analysis : EUR/USD 24 August 2021

24 August 2021 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsEUR/USD

Forex Technical Analysis : EURUSD 24 August 2021

Forex Technical Analysis : EURUSD

Date : 24 August 2021

Pivot point : 1.1725

Our preference : long positions above 1.1725 with targets at 1.1750 & 1.1765 in extension.

Alternative scenario : below 1.1725 look for further downside with 1.1705 & 1.1690 as targets.

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

Supports and resistances :

1.1780 **
1.1765 *
1.1750
1.1742 – Last price
1.1725
1.1705 *
1.1690 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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