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Price Action

Friday, August 7 2020
EUR/USD
02:21 pm (GMT +0300)
30 minutes Timeframe

If the pair manages to withstand the bulls' pressure, it will open the way to test the support level at 1.18187. A successful breach of this level, 1.18187, will impose a bearish outlook, triggering a sell signal targeting the supports at 1.18062, 1.18000 and even lower at 1.17875. A protective stop loss at 1.18499 is highly recommended.

Should the pair manage to exceed the resistance level at 1.18499, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1.18062

direction
Target 2
1.18000

direction
Target 3
1.17875

direction
Target 4
1.17719

entry
Entry
1.18187
entry
Stop Loss
1.18499

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Friday, August 7 2020
EUR/USD
02:21 pm (GMT +0300)
30 minutes Timeframe

If the pair manages to withstand the bulls' pressure, it will open the way to test the support level at 1.18187. A successful breach of this level, 1.18187, will impose a bearish outlook, triggering a sell signal targeting the supports at 1.18062, 1.18000 and even lower at 1.17875. A protective stop loss at 1.18499 is highly recommended.

Should the pair manage to exceed the resistance level at 1.18499, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1.18062

direction
Target 2
1.18000

direction
Target 3
1.17875

direction
Target 4
1.17719

entry
Entry
1.18187
entry
Stop Loss
1.18499

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction