EUR/USD analysis for August 09, 2023 – Potential for the breakout mode in the play
August 9, 2023 9:24 am
Technical analysis:
EUR/USD has been trading sideways at the price of 1.0980 and I see potential for the breakout mode in the next period.
In case of the breakout of resistance level at 1.1045 and hold above the pivot, I see potential for the further growth towards upside reference at 1.1135
In case of the downside breakout of the support at the price of 1.0915 and hold below, I see potential for the further drop towards the lower reference at 1.0845
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
EUR/USD
has been trading sideways
at the price of 1.0980 and I see potential for the breakout mode in
the next period.
In
case of the breakout of resistance level at 1.1045 and hold above the
pivot, I see potential for the further growth towards upside
reference at 1.1135
In
case of the downside breakout of the support at the price of 1.0915
and hold below, I see potential for the further drop towards the
lower reference at 1.0845
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: