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Look for buy positions.

Look for buy positions. | 21 August 2020

21 August 2020, EUR/USD

Look for buy positions.

Technical Observation

EURUSD is currently rallying around 1.18659. On the 4 Hours Chart , the previous candle closed above the previous 21 Period Exponential Moving Average. This is a possible Indication that we are in an active up trend . EURUSD_e is currently in a range, not going above the previous day's highest high 1.19526,or the previous day's lowest low 1.18302. If the price breaks above 1.19526 then we will consider a long term buy with our target at 1.0499. And on the flip side, a sustained move below 1.19526 will attract sellers with an ideal target around 1.03401
Technical Observation
Look for buy positions.
Imelda Maseno
Analyst of «FreshForex» company
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