Forex_Times

♻️ EURUSD: mid-term analysis for 23 - 27 August.

Largo
Forex_Times Actualizado   
OANDA:EURUSD   Euro/Dólar estadounidense
According to the current CoT reports the total market volume decreased by 1%, amounting to a cash figure of $218bn 823m.
The net outperformance of bullish positions continued to increase. Thus, over the past week, the bulls further increased their preponderance by another 8%, indicating a likely continuation of the upside.
💠 Partial reduction of locked positions of investors suggests a likely unidirectional movement of the asset quotations during the new trading week.
The main scenario is a successful test of the market maker's loss (1.1634) and a subsequent rise with targets: hedge zone premium (1.1709) and market maker's loss (1.1774).
🔥 A $71m increase in sell-side positions further increases the probability of reaching the market maker's upper boundary level (1.1774).
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Operación activa:
📊 EURUSD: limit seller as potential resistance. 🔥 The nearest resistance level for today is the limit seller (1.1727).
The main scenario for today is the successful test of the mentioned resistance and the subsequent decrease with the target, which is the balance of the week (1.1694).
⏳ In case of a break and fixation below the mentioned support, the subsequent downside target is the limit buyer (1.1666).
Operación activa:
✍️ EURUSD: choosing intraday targets. 🌐 The nearest support level for today is the limit buyer (1.1719).
The main scenario for today is a successful test of this support and a subsequent rise with a limit seller target,- 1.1774.
👉 In case of breakdown and fixation below the price level of 1.1719, the final downside target is the balance of the week (1.1694).
Operación activa:
✍️ EURUSD: Will the limit buyer be tested? 🔥 The nearest support level for today is the limit buyer (1.1729).
In case of breakdown and fixation below 1.1729 price level, we expect decline to the balance of the week (1.1667).
♻️ In case of a successful test of the mentioned support level, we expect a subsequent rise with the limit seller as the target, (1.1773).
Operación activa:
✍️ EURUSD: Terminate market maker loss level. 🔥 The nearest support level for today is the limit buyer (1.1729).
In case of breakdown and fixation below 1.1729 price level, we expect decline to the balance of the week (1.1667).
♻️ In case of a successful test of the mentioned support level, we expect a subsequent rise with the limit seller as the target, (1.1773).
Operación activa:
🌐 EURUSD: Going to test market maker's loss before expiry. The nearest resistance for today is the limit seller (1.1765).
💡 The next resistance for the last trading day of the current week is the market-maker loss level (1.1766).
In case a sell pattern forms near the mentioned option resistance, we expect a corrective decline to the balance of the day (1.1752).
📌 In case of breakdown and fixation below the price level of 1.1752 the long term downside target is the limit buyer (1.1734).
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