Forex: EUR/USD (Euro To US Dollar) - Technical Indicators And Possible Scenarios - 29/08/22

The Euro To US Dollar (EUR/USD) Pair Is Still In An Upward Trend

Trend analysis (Fig. 1).

On Monday, the price may go down from 0.9963 (closing level of the Friday daily candlestick) to the lower fracts of 0.9900 (white dotted line) and test it. The price may then rise, test the 14.6% retracement level of 0.9967 (white dotted line), and continue to increase.

 

Exchange Rates 29.08.2022 analysis

 

Fig. 1 (daily chart).

Complex analysis:

- indicator analysis - down;

- Fibonacci levels - down;

- volumes - down;

- candlestick analysis - down;

- trend analysis - down;

- Bollinger bands - up;

- weekly chart down.

Conclusion:

Today, the price may go down from 0.9963 (closing level of the Friday daily candlestick) to the lower fracts of 0.9900 (white dotted line) and test it. The price may then rise, test the 14.6% retracement level of 0.9967 (white dotted line), and continue to increase.

Alternative scenario: the price may go down from 0.9963 (closing level of the Friday daily candlestick), test the lower Bollinger band at 0.9815 (black dotted line), and rise to the lower fractal of 0.9900 (white dotted line). The quote may then extend growth to the 14.6% retracement level of 0.9967 (white dotted line).

Relevance up to 08:00 2022-08-30 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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The Euro To US Dollar (EUR/USD) Pair Is Still In An Upward Trend

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