Forex_Times

♻️ EURUSD: mid-term analysis for August 16 - 20.

Short
OANDA:EURUSD   Euro / U.S. Dollar
According to the current CoT reports, the total market volume increased by 2% to a cash figure of $221bn 263m.
The net outperformance of bullish positions continued to decline. Thus, over the past week, the bulls have further reduced their preponderance by a further 18%, indicating a likely continuation of the decline.
💠 Partial reduction of locked positions of investors suggests a likely unidirectional movement of the asset quotations during the new trading week.
The main scenario is a successful test of the hedge zone (1.1866) and subsequent decline with targets: balance of the week (1.1759) and market maker loss (1.1689).
🔥 Increase in sell-side positions totaling $259m further increases the probability of reaching the market maker loss level (1.1689).
🤔 Like the idea? 👍 like it ✍️ write a comment
Trade active:
📊 EURUSD: trading in the balance zone of the day. 🔥 The nearest resistance level for today is the seller's limit level (1.1823).
The main scenario for today is the rebound from the mentioned resistance and the following decline with the target, which is the limit buyer (1.1765).
⏳ In case of breakdown and fixation below the level of the limit buyer, we expect decrease to the currency close with the target,- premium level of the hedge support zone (1.1733).
Trade active:
✍️ EURUSD: choosing intraday targets. 🔥 The nearest resistance level for today is the seller's limit level (1.1823).
The main scenario for today is the rebound from the mentioned resistance and the following decline with the target, which is the limit buyer (1.1765).
⏳ In case of breakdown and fixation below the level of the limit buyer, we expect decrease to the currency close with the target,- premium level of the hedge support zone (1.1733).
Trade active:
✍️ EURUSD: will the market maker loss be tested? 🔥 The nearest support level for today is the market maker loss (1.1693).
♻️ In case of a successful test of the limit seller (1.1735) we expect a further decline with the target,- market maker loss (1.1693).
In case of breakdown and fixation below the 1.1693 price mark we expect a decline to the limit buyer (1.1686).
Trade active:
✍️ EURUSD: traded in the market maker's loss zone. 📌 As a result of trading on Wednesday, August 18, we have consolidated below the market maker loss level (1.1689).
In case of a successful test of the said close option support level, we expect a rise with target: limit seller (1.1729).
💡 In case of break and fixation above the limit seller level (1.1729) the next upside target is the balance of the week (1.1759).
Trade active:
🌐 EURUSD: market maker at a loss before expiry.
The closest support for today is the premium level of the weekly hedge support area (1.1666).
💡 In case this support is reached and a buy pattern is formed, we expect an increase to the market maker loss level (1.1695).
📌 In case of breakdown and fixation above the price level 1.1695 the limit seller (1.1718) is the far target of the rise.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.