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FOREXN1
Aug 8, 2022 7:13 AM

EUR/USD: Euro struggling in Range Area - Waiting for Breakout Short

Euro Fx/U.S. DollarFXCM

Description

The EUR/USD in the last sessions struggled inside a Range area as evidenced in the chart. The 200 Moving average with the cooperation of the dynamic resistance work in synergy like a Wall for the price to not go over. Historically in August, the Volume of trades is lower compared with the other months, so We think about the price can remain inside this rectangular area for a while before continuing to follow the Bearish main trend. What do you think about it?
Comments
JoeChampion
Nice chart mate, we are on this together!
World_Open_Forex
Keep going!
FOREXN1
EliteTradingSignals
Move down ahead!
FOREXN1
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