Technical Analysis : EUR/USD 25 August 2021

Forex Technical Analysis : EURUSD

Date : 25 August 2021

Pivot point : 1.1765

Our preference : short positions below 1.1765 with targets at 1.1725 & 1.1705 in extension.

Alternative scenario : above 1.1765 look for further upside with 1.1780 & 1.1795 as targets.

Comment : as long as the resistance at 1.1765 is not surpassed, the risk of the break below 1.1725 remains high.

Supports and resistances :

1.1795 **
1.1780 *
1.1765
1.1738 – Last price
1.1725
1.1705 *
1.1690 **

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

Source : Trading Central

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