empty
 
 
11.08.2022 07:38 AM
Trading plan for EURUSD on August 11, 2022

This image is no longer relevant

Technical outlook:

EURUSD rose above the 1.0370 highs during the New York session on Wednesday. The single currency pair has pulled back a bit and is trading at around 1.0280 at this point in writing. The past resistance-turned-support zone is also around 1.0270-80 as bulls might prepare to push above 1.0370 in the near term.

EURUSD is progressing within a larger-degree counter-trend rally since the price carved the potential bottom at around 0.9952 in July 2022. The currency pair is going to retrace the entire drop between 1.2350 and 0.9952, at least towards the 1.0800-1.0900 zone. Also, note that 1.0900 matches the Fibonacci 0.382 retracement of the above bearish boundary, which should provide enough resistance.

EURUSD is working upon immediate upswing between 1.0200 and 1.0370 and might retrace through 1.0270 at least, before resuming higher again. Only a break below 1.0200 will confirm that bears are back in control and a much deeper correction is underway towards the 1/0075-1.0100 zone. The bottom line is that until 0.9952 stays intact, the structure remains bullish.

Trading plan:

Potential rally through 1.0800-1.0900 against 1.0200

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