Daily Market Analysis 22 Aug 2022

Daily Market Analysis 22 Aug 2022

  • Market News
  • Daily Market News
  • 2022, 22 August

EUR/USD

Technical Outlook

On the daily chart, the EUR/USD pair looks pessimistic. The pair gave a breakdown of a bearish “Flag & Pole” pattern, along with a breakdown of a previous swing lows, indicating selling pressure. Now, we can expect a price to go to its next swing low (0.9964).


Technical Indicators
Action
RSI (38)
SELL
Oscillator (01)
SELL
MACD (Below Midline)
SELL
200 EMA (1.085)
SELL


Strategy


Scenario 1
Scenario 2
Action
Sell
Sell
Entry
1.0020
1.0010
Target 1
0.9990
0.9980
Target 2
0.9960
0.9950
Stop Loss
1.0050
1.0040


Key Signposts

EUR: No key data

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