Forex EUR/USD Daily Video, August 16, 2023

[Sive Morten]

Good morning,

EUR is still coiling around 1.0890 lows, showing reaction on daily support level. Although it could climb slightly higher to 1.0950 area, but we still think that bears have advantage now and reaching of our next 1.0846 target is a question of time:

 

[Brett Reynolds]

1.0970 is the 50% of latest swing..if Market makes it there'..? FOMC mins later today..maybe but i am holding Half my original position from 1.1050 anyway..!