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EUR/USD Trading Analysis (02/08/2023)

02.08.2023

Market Review

The general trend is ascending. The inner downtrend truncated structure finished with the breach of the sloping channel. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

EUR/USD Price Chart as of 02/08/2023 with technical indicators

Trading idea:

Buy at 1.1020.

Stop-Loss: 1.0950.

Target price levels: 1.1106, 1.1240.
 

#eurusd #forex #forextrading #forextradingstrategies #forexmt5

Author: GC
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