Forex EUR/USD Daily Video, August 15, 2022

Sive Morten

Special Consultant to the FPA
Messages
18,559
Good morning,

We have bearish long-term view on EUR and suggest that good chance to sell comes around 1.0440-1.0460 strong resistance area. Meantime, intraday traders could consider 1.02 support level for short-term bullish trading:

 
I use RSI to look for divergence and it shows nice on weekly. Very oversold on monthly. Looking to get long on nice PA on 1 hr or 4hr chart on Monday.
Very similar chart on £GBP. Nice weekly divergence on RSI and oversold on Monthly.
Invalidation for £GBP is Daily close 'Below £1.20. Nice PA on Monday around $1.21 levels could show good opportunity to 'buy' with weekly targets upward of $1.2450.!?
 
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