Note

EUR/USD technical analysis(13/08/2021)

Verified Person
· Views 22,767

 
EUR/USD technical analysis(13/08/2021)
 
After price reached the target of 1,1710 we then looked at the possibility for the next target- 1,1640.

However, prise has been moving in a range of 30 pips for two days now.
That means there's equal buying and selling pressure and it's very likely to see a few misleading moves.

First we could see a drop down to 1,1700 just so more sellers could enter the market, but then price might go back up to 1,1780.

That way all the stops will be taken out and then we could see a reversal and another move down to 1,1640.

In case of a confirmation that this will happen, we will be looking to sell from the 1,1780 level. 

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

FOLLOWME SupportFxScotty
Total 105 FCOIN reward
avatar

Hot

Nice technical analysis
Verified Person
@iu1120: It is ok, my job
nice technical analysis
Verified Person
@Damayanti Almira Yeah thanks💪🏻

-THE END-