You are here: Home > articles > Forex > August 31, 2023 : EUR/USD Intraday technical analysis and trading plan.
August 31, 2023 : EUR/USD Intraday technical analysis and trading plan.
August 31, 2023 9:23 pmVideo
Latest News
- Weekly Technical Outlook – USDJPY, EURUSD, Oil April 29, 2024
- Trading Signals for GOLD (XAU/USD) for April 29-30, 2024: buy above $2,322 (21 SMA – rebound) April 29, 2024
- Weekly Technical Outlook: 29/04/2024 – USDJPY, EURUSD, Oil April 29, 2024
- Technical Analysis – Apple stock bounces off 1-year low April 29, 2024
- Technical Analysis – GBPUSD recovers from 5-month low April 29, 2024
- USD/JPY: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- GBP/USD: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- EUR/USD: Simple trading tips for novice traders on April 29th (US session) April 29, 2024
- GBP/USD: trading plan for the US session on April 29th (analysis of morning deals). The pound continues to be bought at every April 29, 2024
- EUR/USD: trading plan for the US session on April 29th (analysis of morning deals). The euro remains locked in a side channel April 29, 2024
- Technical Analysis – USDJPY plummets after 34-year high of 160.20 April 29, 2024
- EUR/USD. April 29th. The bulls continue to advance April 29, 2024
- GBP/USD. April 29th. Bulls find it extremely difficult to move upwards, but this week could change everything April 29, 2024
- Market Comment – Yen spikes on suspected intervention; big week awaits the dollar April 29, 2024
- Forex forecast 04/29/2024: EUR/USD, GBP/USD, USD/JPY, EUR/JPY, GBP/JPY and BTC from Sebastian Seliga April 29, 2024
- Federal Reserve encounter troubles April 29, 2024
- Technical Analysis – EURUSD attempts recovery from 5-month low April 29, 2024
- USD/JPY: trading tips for beginners for European session on April 29 April 29, 2024
- EUR/USD: trading tips for beginners for European session on April 29 April 29, 2024
- Video market update for April 29, 2024 April 29, 2024
The EUR/USD pair had been trending down to 0.9600, the lowest level since 2002, but then rebounded strongly, especially around this vital support level.
The bears were not able to hold the next resistance level at 1.0100, and they lost ground to the bulls who drove the prices higher, This resulted in reaching new bullish targets at 1.0250, 1.0500, and 1.0600.
The bulls controlled the price action around the key level of 1.0550-1.0600, leading to more bullish continuation towards 1.1000 and 1.1200.
The recent bullish movement pursued towards the resistance zone around 1.1200 where lack of bullish momentum seemed to exist.
On the other hand, the recen bearish pullback was facing a temporary support around 1.0950 where the short-term uptrend came to meet the pair.
After this trend reversal, price was expected to decline towards to the price levels of 1.0800 which stands as a daily support to be watched for bullish rejection.
Early signs of bullish rejection were just observed which may indicate further bullish advancement towards 1.1000.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: