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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.

GAUTRY 17.8.2023

Technical Analysis
Thursday, August 17, 2023 - 13:35
Point Trader Group
GAUTRY 17.8.2023

General trend: downward.
Expected scenario:
The pair is trading below the descending trend line, which enhances chances of a drop to 1643.
Alternative scenario:
The scenario fails and turns bullish, by breaking the bearish trend line, targeting 1660.
The most important levels
resistance:
1660 - 1690
support:
1643 - 1630

*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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