EUR/USD Hit All Targets

EUR/USD Hit All Targets

2021-08-16 • Updated

4H Chart 

EURUSDH4 16 Aug 2021.png

Daily Chart 

EURUSDDaily 16 Aug 2021.png

EURUSD managed to rise further on Friday inline with our expectations, reaching our entire targets mentioned in our previous notes at 1.18, while our entry was at 1.1730, giving us a net of +70 pips profit. In the meantime, the Euro retraced 50% of recent declines (8 sessions of consecutive declines), therefore, another leg lower is highly possible this week. Yet, I would prefer to wait for such retracement to be completed, which may reach 1.1830’s before issuing a new trade. Stay tuned!

S3 S2 S1 Pivot R1 R2 R3
1.1625 1.1701 1.1749 1.1777 1.1825 1.1853 1.1929

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