Analysis of EURUSD on the H1 timeframe on 8/11
- EURUSD is currently in a primary downtrend. We are waiting for a retracement to enter a short position at 1.07266, following the trend. If after touching point B, with the additional condition of breaking the A bottom at 1.06639, we will encounter a complete wave 3.
- The point 1.06087 is a strong support level, as it has held its ground in this area. If there is a signal rejecting further downside movement, it is an opportunity to go long.
- The point 1.06087 is a strong support level, as it has held its ground in this area. If there is a signal rejecting further downside movement, it is an opportunity to go long.