Today we look at the EURUSD currency pair. This pair has been struggling within certain support levels. We’ve notice sellers push the market bearish. We last analyzed the pair 3weeks ago. During that period . We saw the pair range within important support and resistance levels. Below is a link to previous analysis for further understanding.

EURUSD Daily chart 23 August 2021

Today we see how price has found support at level 1.16617 .Now price trades above the price support level. We believe that If price closes above the support level 1.17069 then we may see the pair trade to resistance price level 1.17537. Depending on how price acts at this level. If the pair finds resistance then we could see price move to price level 1.8053 which is our major Resistance level.

The EURUSD currency pair has been bearish for sometime now. Our analysts think that we may see price reverse and move bullish in the up coming market sessions. We currently believe that patience is key. And until we see price clear the various Resistance levels and hold above. Then do we have a clear signal bullishly

EURUSD H4 chart 23 August 2021
EURUSD H4 chart 23 August 2021

Attached are both the daily and H4 time frame chart for follow up and proper understanding the next direction price I heading to and to know how to trade and profit from the pair. We at expect the pair to move bullish in the upcoming market sessions.

NB: Warning Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consider position sizing before entering a trade and manage your risk accordingly. Please read risk warning before deciding to trade the markets.

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