02:21 pm (GMT +0300)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.
Price Action
Friday, August 7 2020
02:21 pm (GMT +0300)
30 minutes Timeframe
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
Profit Levels
Target 1
1.18062
Target 2
1.18000
Target 3
1.17875
Target 4
1.17719
Entry
1.18187
Stop Loss
1.18499
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Friday, August 7 2020
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
Profit Levels
Target 1
1.18062
Target 2
1.18000
Target 3
1.17875
Target 4
1.17719
Entry
1.18187
Stop Loss
1.18499
Trend Confirmation
Momentum
LWMA
MACD