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EURUSD Technical And Harmonic Overview Aug 21st

EURUSD Technical And Harmonic Overview Aug 21st

Economic Calendar & Fundamentals: FOMC Minutes will be released. Risk of volatility.

Weekly Chart: Bearish.

Daily Chart: Bearish. The pair is below all main Moving Averages. Trading in the lower Bollinger Bands.

H4 Chart: Neutral shifting bullish.

Hourly Chart: Neutral shifting bullish

Intraday Key Levels:
Upside: 1.11060 1.11200 1.11400
Downside: 1.10770 1.10620 1.10400 1.09900

Chart Patterns:

Breakout: Bullish Rounding Bottom H1 Chart. Neckline: 1.11080 Targets: 1.11200 1.11400

Harmonic: Bearish Shark 1.11450, Bullish Bat 1.10450 Bullish Alt Bat: 1.09900

Our Comments and Trade Opportunities: Pullbacks are selling opportunities. Potential pullback level to sell is 1.11450. Bullish Alt Bat can be used as an intraday buying opportunity at 1.09900. Rounding Bottom breakout can be used as a buying opportunity targeting Bearish Shark entry.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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