17.08.202111:39 Forex Analysis & Reviews: What to expect from EUR/USD this week?

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If the EUR/USD pair stays above the support zone of 1.1761-1.1757 today, the upward movement will resume and we will be able to keep buying up to the target weekly control zone of 1.1899-1.1882. If you enter near the support zone, the profit will be 120pp. This makes the transaction profitable, since the risk-to-profit ratio will be higher than 1/3.

If the support zone remains insurmountable, the movement of the current week will continue to grow, which occurred on August 13. It will be possible to consider sales if the closing of today's trading occurs below the level of 1.1757. This will indicate a change in the trend. Sales will become relevant, and the probability of updating the August low will increase to 75%.

An alternative model will look like this.

In both cases, the movement potential will be quite high. This will allow you to hold transactions for 2-3 days.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.