Technical analytics

EURUSD market technical outlook


Analysis method - “Gann Swings + Price Action”

August 17, 2018

Daily chart: Forming of upswing, that was triggered by bullish pinbar two days ago, continues. The target, probably, is the pivot-level 1.1530.

H1: Local upward structure keeps the lows not very well, that complicates putting stop loss. But this, partly, confirms bullish dynamics. We expect further growth of the quotes in direction 1.1530.

Conclusions: Growth in direction 1.1530.

Trading recommendations: Longs towards 1.1530.

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