EUR/USD Technical Analysis

(1,3417) The EUR/DOLL confirmed a strong closing above the resistance of the inside day at 1,3390 extending the move up already toward 1,3450. Further strength is now possible even if the pair failed to confirm a daily closing above 1,3418. The indicators of the daily chart are still well positive and this morning also those of the s/t ones are above the line supporting further strength. The move up confirmed fresh bearish divergences supporting a positive tone. With this move up the EUR/DOLL is opening a different scenery suggesting a possible move toward 1,36/ 1,37. However we still believe it’s too high!!

Read the full report: EURUSD 08.21

 

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