EUR/USD analysis for August 14, 2023 – Rejection of the key support cluster
August 14, 2023 9:22 am
Technical analysis:
EUR/USD has been trading upside this morning and I found rejection of the key cluster support at the price of 1.0930, which is good sign for the further upside movement.
Due to the oversold condition and the rejection of the key support cluster at 1.0930-1.0915, I see potentialf or the further upside rotation towards upside references.
Upside objectives are set at the price of 1.0990 and 1.1040
Stochastic oscillator is showing oversold condition and fresh bull cross, which is good sign for the further upside movement.
Intraday support is set at the price of 1.0930-1.0915
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
EUR/USD
has been trading
upside this morning and I found rejection of the key cluster support
at the price of 1.0930, which is good sign for the further upside
movement.
Due
to the oversold condition and the rejection of the key support
cluster at 1.0930-1.0915, I see potentialf or the further upside
rotation towards upside references.
Upside
objectives are set at the price of 1.0990 and 1.1040
Stochastic
oscillator is showing
oversold condition and fresh bull cross, which is good sign for the
further upside movement.
Intraday
support is set at the price of 1.0930-1.0915
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: