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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURUSD 5.8.2024

Technical Analysis

Monday, August 05, 2024 - 13:23

Point Trader Group

EURUSD 5.8.2024

General trend: conditional decline.
Expected scenario:
The pair is approaching a strong resistance area around $1.0990, which enhances the chances of a drop to $1.0900 - $1.0870.
Alternative scenario:
The scenario turns bullish with a close above $1.1000.
The most important levels
resistance:
1.0990 – 1.1000
support:
1.0900 – 1.0870

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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