Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
EURUSD Price Analysis – August 16
On Monday, the current bullish surge in EURUSD appears to have met some stiff opposition around the 1.1800 thresholds. The market is in a scenario where investors’ sentiment appears to favor the dollar so far, with the pair on the back foot and somewhat fades Friday’s big advance.
Resistance Levels: 1.1908, 1.1850, 1.1804
Support Levels: 1.1704, 1.1650, 1.1602
EURUSD Long term Trend: Ranging
The corrective decline can expand to the 5 moving average, which is currently at 1.1750 and is projected to restrict the bearish move for the time being. In the long run, the positive perspective on EURUSD is projected to remain constant as long as the pair trades above the yearly low and crucial support, which is currently at 1.1704.
In a larger sense, the rise from 1.1704 is the second phase of the trend that began with 1.1602. (low). We should also expect more growth against cluster resistance at 1.1900. As long as the 1.1704 support is held, this will remain the better case. Another trip to 2021 high, this time over the crucial level of 1.2350.
EURUSD Short term Trend: Ranging
In EURUSD 4 hour time frame, the intraday bias is still in place. On the plus side, a break of the 1.1804 level might extend the rally from the 1.1704 low to the 1.1908 July high-level re-test. The 1.1750 level breach, on the other hand, indicates that the 1.1804 level correction is widening by another step.
Intraday bias may go back to the downside for the 1.1704 marks and below. In other words, the EUR may trade between the main levels of 1.1804 and 1.1704 for a while. However, shorter-term bearish momentum has increased, and a test of the 1.1704 level is not out of the question.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Min Deposit
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus