Daily Forecasts

EURUSD Technical Analysis For 9th August 2017


Summary :
Target Level : 1.1719
Target Period : 4 hours

Analysis :
Possible bearish price movement towards the support 1.1719 within the next 4 hours.

Summary :
Target Level : 109.7557
Target Period : 4 hours

Analysis :
Possible bearish price movement towards the support 109.7557 within the next 4 hours.

Summary :
Target Level : 1.2952
Target Period : 10 hours

Analysis :
Channel Down identified at 09-Aug-03:30 2017 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2952 within the next 10 hours.

Summary :
Target Level : 0.7914
Target Period : 12 hours

Analysis :
Falling Wedge identified at 09-Aug-04:45 2017 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.7914 within the next 12 hours.

Summary :
Target Level : 0.967
Target Period : 4 hours

Analysis :
Possible bearish price movement towards the support 0.9670 within the next 4 hours.

Technical Observation
Look for a sell position now, with an ideal target at 1.2184

Trade Signal.
If the Current weekly candle can close the way its is, then this will be a good sell during the coming week, with my take profit at 140.00