Technical Analysis : EUR/USD 26 August 2021

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

Forex Technical Analysis : EURUSD 26 August 2021

Forex Technical Analysis : EURUSD

Date : 26 August 2021

Pivot point : 1.1750

Our preference : long positions above 1.1750 with targets at 1.1775 & 1.1790 in extension.

Alternative scenario : below 1.1750 look for further downside with 1.1735 & 1.1725 as targets.

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

Supports and resistances :

1.1805 **
1.1790 *
1.1775
1.1763 – Last price
1.1750
1.1735 *
1.1725 **

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

Source : Trading Central

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