
FX Market Observation 23.08.22
EURUSD
Follow up on the earlier EURUSD observation, After the break we tested the parity found the support we were expected and the test around 1.0350 as expected for then to take the next leg down, we have now tested 0.99 and our medium target is still around 0.95 and with the double top formation we could see all the way down to 0.85 but watch out for medium term corrections so don’t be greedy.

*Market Observations are NOT trading recommendations*
About SGT
SGT is a multi-asset trading and investment specialist; setting the standard since 2006.
Risk Disclaimer
CFDs, FX, Crypto and any other leveraged products are complex instruments and come with a high level of risk of losing money due to the leverage used in these products. You should consider whether you understand how any product you trade or invest in is suitable for you, and whether the risk involved in trading or investing into these products is acceptable.