EUR/USD trading talks August 19
The week of 15-19 August destroyed the monthly gains of the Euro Dollar.
After the correction to a maximum of 1.0368, the Euro dollar is again trying to return to the 1.000 value. It can be concluded already after the breakout of the EMA 100 and EMA 200 levels on the four-hour chart and the MACD signal line cross, which was shortly before.
At the moment, I do not see such a level of support that could prevent the reaching of the 1.000 mark.
The question that interests everyone the most is whether the fall will be lower. At this stage, I believe not, but I will not trade on this assumption without clear indicators.
I managed to take profit early in the week on the fall, but then I had to be careful not to hit one of the support levels formed by the breached upward correction trend.
Latest trades: https://luxsystem.trade/trading-results/
