empty
 
 
04.08.2021 12:42 PM
Trading plan for EURUSD for August 04, 2021

This image is no longer relevant

Technical outlook:

EURUSD finds interim support around 1.1841 today until now and possibilities remain that the corrective drop might be complete. The borders which are being worked upon is between 1.1751 and 1.1908 respectively. The fibonacci 0.618 retracement of the upper border is seen to be passing through 1.1810 (not shown) levels. It was expected for EUR/USD to drop until 1.1810 before pulling back.

EURUSD is seen to be trading around 1.1856 levels at this point in writing as it remained shy by around 20-30 pips from the strong support zone. Immediate support is seen at 1.1750, while interim resistance comes in around 1.1975 levels respectively. The larger borders which the price might visit are between 1.2266 and 1.1750 levels respectively.

EURO bulls are looking poised to push through 1.2075 levels in the next few weeks before bears are back in control. Also note that 1.2075 is fibonacci 0.618 retracement of the entire drop between 1.2266 and 1.1750 levels respectively. High probability remains for a bearish turn if prices are able to push through.

Trading plan:

Remain long with stop @ 1.1750, target is @ 1.2050/70

Then turn short with stop @ 1.2266, target @ 1.1300

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback