EUR/USD Daily Chart Analysis For Week of August 4, 2023
Technical Analysis and Outlook:
In this week's session, the Eurodollar has decreased to our Outer Currency Dip of 1.087. This has resulted in a very weak Mean Res of 1.102. However, Friday's reversal could indicate a potential extension of the dead cat bounce to Mean Res 1.109, while the Mean Sup of 1.094 is lingering below.
In this week's session, the Eurodollar has decreased to our Outer Currency Dip of 1.087. This has resulted in a very weak Mean Res of 1.102. However, Friday's reversal could indicate a potential extension of the dead cat bounce to Mean Res 1.109, while the Mean Sup of 1.094 is lingering below.