empty
 
 
21.08.2020 12:28 PM
EUR/USD Invalidated Again, Sell-Off Incoming?

EUR/USD upside received another hit earlier from the eurozone Flash Services PMI and Flash Manufacturing PMI indicators. The poor economic data forced the pair to erase its latest gains.

The pair has come back down, a valid breakdown below 1.18 suggests a further drop. Still, traders await the US data before taking action, better-than-expected data will sustain a bearish scenario.

This image is no longer relevant

EUR/USD was rejected by the second warning line (WL2) and by the R2 (1.1957) level, but a larger drop is far from being confirmed. In my vision, EUR/USD will develop a broader corrective phase if the price drops and stabilizes below 1.17 level.

The price plunged again as the USDX edged higher in the last hours. The failure to reach and retest at least the R1 (1.1899) level could announce a short term sell-off.

  • EUR/USD Trading Tips

Sell below 1.18 level with an immediate target at 1.1695, a drop below this level will confirm a broader drop towards the 1.1495 level.

Buy from above 1.1965 former high with a potential upside target at 1.2123 level.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $1000 lebih lagi!
    Dalam April kami membuat cabutan bertuah $1000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget