Technical analytics

EURUSD market technical outlook


Analysis method - “Gann Swings + Price Action”

August 20, 2018

Daily chart: Development of upswing continues in direction of the resistance area 1.1509-1.1529, where, at the moment, there is the most perspective target-area and also probable sell-off zone during new downswing.

H1: Local upward structure is in the stage of probable start of new trending swing. We expect further growth of the euro quotes in direction of the 15th figure.

Conclusions: Growth in direction of the 1.1509-1.1529 area.

Trading recommendations: Longs in direction 1.1509-1.1529.

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