Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
EUR/USD Hit All Targets
2021-08-16 • Updated
4H Chart
Daily Chart
EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1.18, while our entry was at 1.1730, giving us a net of +70 pips profit. In the meantime, the Euro retraced 50% of recent declines (8 sessions of consecutive declines), therefore, another leg lower is highly possible this week. Yet, I would prefer to wait for such retracement to be completed, which may reach 1.1830’s before issuing a new trade. Stay tuned!
S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
1.1625 | 1.1701 | 1.1749 | 1.1777 | 1.1825 | 1.1853 | 1.1929 |
Similar
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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