This Forex Pair May Catch You By Surprise! Euro To US Dollar (EUR/USD) - Foreacast - 17/08/22

The Euro (EUR) Will Try To Break Through The Nearest Resistance

Relevance up to 04:00 2022-08-18 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.

The euro spent the entire Tuesday at the support level of 1.0150. There was no qualitative breakthrough under this level (with consolidation), we are waiting for it today or tomorrow. The correction limit is the daily MACD line (1.0206).

 

Exchange Rates 17.08.2022 analysis

 

The euro spent the entire Tuesday at the support level of 1.0150. There was no qualitative breakthrough under this level (with consolidation), we are waiting for it today or tomorrow. The correction limit is the daily MACD line (1.0206).

 

Exchange Rates 17.08.2022 analysis

 

The price is slowly developing a correction on the four-hour chart. The option with the price reaching the MACD line of the daily scale (1.0206) while the Marlin Oscillator works out the zero line and the subsequent synchronous downward turn seems to be the main scenario. In any case, after consolidating under 1.0150, we are waiting for further price decline to the level of 1.0020.

 

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The Euro (EUR) Will Try To Break Through The Nearest Resistance

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