Look for buy positions. | 21 August 2020
21 August 2020, EUR/USD
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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
