ByLCMS Traders FX Analysis Team
AUG 2, 2021
EUR/USD is keeping above the SMA-14 (1.1814) appears to be trading in a range. Currently, the 1.1920 is acting as major resistance while the 1.1825 is acting as a strong intraday support levels. The technical indicators also suggesting the momentum within this narrow range which brings opportunities on both sides. A buy entry is ideal using the following levels
Direction: Buy
Entry: 1.1830
Take Profit: 1.1875
Stop-Loss: 1.1795
On the flip side, a spike near or above 1.1900 favors selling entries using the following levels
Direction: Sell
Entry: 1.1910
Take Profit: 1.1840
Stop-Loss: 1.1945
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