Technical Analysis : EUR/USD 3 August 2020

Forex Technical Analysis : EURUSD

Target Level 1.1741

Date : 3 August 2020

Support Line (A) : 1.1741 – Last TP of Descending Triangle

Resistance Line (B) : 1.1781 – Last TP of Descending Triangle

Target Period : 15 hours

Interval : 15 Minutes

Pattern : Descending Triangle

Length : 178 Candles

Detail : Descending Triangle identified at 03-Aug-12:45. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1741 within the next 15 hours. (Supported by Downward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

If you open a live account with a broker that support Autochartist, you’ll get :

– Analysis as low as 15 minute data intervals.

– Short term forcasts.

– Risk and volatility information.