Daily Market Analysis 29 Aug 2022
- Market News
- Daily Market News
- 2022, 29 August
On the daily chart, the EUR/USD edges lower on Monday. The spot
remained pressured towards 0.9900. If it moved below the mentioned
level, the pair could be heading toward a fresh two-decade low in the
coming few sessions. The stronger U.S. dollar led the losses in the spot.
We recommend short positions with strict stop loss.
|MACD (Below Midline)||SELL|
|200 EMA (1.0730)||SELL|
|Scenario 1||Scenario 2|
EUR: No key data