EURUSD intraday technical analysis - 23/08/2017

EURUSD

1.17554 / 1.17559

SUMMARY

Down

TREND

Downward penetration

SENTIMENT

Bearish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Initial resistance level on the upside is seen at 1.1772 (R1). If the market manages to surge higher, our focus will shift to the next target at 1.1800 (R2) and any further price strengthening would be limited to final resistance at 1.1828 (R3).
Downwards scenario: Failure to clear our next resistance level would suggest an attack to our support at 1.1744 (S1). Loss here would then bring focus to the next target at 1.1715 (S2). Mark at 1.1681 (S3) acts as last support measure for today.

Resistance levels: 1.1772, 1.1800, 1.1828

Support levels: 1.1744, 1.1715, 1.1681