empty
cn
支持
即时开户
交易平台
入金/出金

02.08.202308:22 Forex Analysis & Reviews: Trading plan for EURUSD on August 02, 2023

Exchange Rates 02.08.2023 analysis

Technical outlook:

EUR/USD has again tested a potential support zone around 1.0950-55 on Tuesday before pulling back higher again. The single currency pair has carved a pin bar candlestick on the daily chart indicating a potential reversal ahead. It is seen to be trading close to 1.0965 at this point in writing as the bulls prepare for the next rally towards 1.1150 in the near term.

EUR/USD is working towards a larger-degree upside target of 1.1500 and up to 1.2000 respectively. Immediate price support is seen around 1.0830 and prices need to stay higher to keep the bullish structure intact. Right now, prices are testing the resistance-turned-support trend line of the previous triangle consolidation (1.0950-80 range)

EUR/USD is also re-testing the Fibonacci 0.618 retracement of its lower-degree upswing between 1.0830 and 1.1275 levels respectively. Furthermore, a long-term trend line support is also passing through the 1.0950-80 area as seen on the chart here. A high probability remains for the bulls to come back in control from current levels.

Trading idea

A potential rally towards 1.1500 to resume soon against 1.0830

Good luck!

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2025
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.