Technical analytics

EURUSD market technical outlook


Analysis method - “Gann Swings + Price Action”

August 16, 2018

Daily chart: Previous day was closed by strong signal for the start of new upswing - bullish pinbar at the edge of downswing. There is enough space for correction - up to the 1.1530 handle.

H1: Local upward structure id in the stage of corrective downswing completion, therefore, bulls can attack from current levels.

Conclusions: So, we expect growth from current levels in direction 1.1530 (extraday).

Trading recommendations: Longs towards 1.1530.

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