EUR/USD analysis for August 07, 2023 – Key pivot at the price of 1.0960 on the test
August 7, 2023 1:23 pm
Technical analysis:
EUR/USD has been trading downside this morning but I found key pivot at 1.0961. Price action around key pivot level will be very important for the further development.
In case of the rejection of the support at 1.0963, I see potential for the rally towards 1.0008 and 1.1035
In case of the downside breakout of the pivot support at 1.0960 I see potential for the further drop towards 1.0920
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
EUR/USD
has been trading
downside this morning but I found key pivot at 1.0961. Price action
around key pivot level will be very important for the further
development.
In
case of the rejection of the support at 1.0963, I see potential for
the rally towards 1.0008 and 1.1035
In
case of the downside breakout of the pivot support at 1.0960 I see
potential for the further drop towards 1.0920
The material has been provided by InstaForex Company – www.instaforex.com
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