empty
 
 
15.08.2022 01:59 PM
Trading plan for EURUSD on August 15, 2022

This image is no longer relevant

Technical outlook:

EURUSD has dropped through the 1.0185 low on the intraday chart on Monday after hitting resistance at the high of 1.0294 last week. The currency pair is seen to be trading close to the 1.0200 mark at this point of writing, and bulls might be looking to push the price through 1.0250 at least in the near term. Potential remains for a drop through 1.0100-10 zone before finding strong support.

EURUSD might be looking constructive on a larger wave structure scale since the price is unfolding a corrective rally from 0.9952. The entire drop between 1.2350 and 0.9952 is being retraced and the potential target remains in the 1.0800-1.0900 zone. This is also the 0.382 Fibonacci retracement of the above-mentioned bearish drop and hence the potential resistance.

EURUSD is currently working on its recent upswing between the levels of 0.9952 and 1.0294 as seen on the chart here. Prices could drop through the 1.0100-1.0110 zone before reversing higher again. Also note that 1.0100 is the Fibonacci 0.618 retracement of the recent upswing and hence the potential support. Bulls will be inclined to be back in control then.

Trading plan:

Potential drop to 1.0100 and then higher towards 1.0800-1.0900 against 0.9952

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