Market Observations|23 Aug 2022
FX Market Observation 23.08.22
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*
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