EUR/USD Keeps Above the SMA-14 Likely To Remain Range-Bound

#OPINIONLEADER# #Signal#

ByLCMS Traders FX Analysis Team

 AUG 2, 2021

EUR/USD is keeping above the SMA-14 (1.1814) appears to be trading in a range. Currently, the 1.1920 is acting as major resistance while the 1.1825 is acting as a strong intraday support levels. The technical indicators also suggesting the momentum within this narrow range which brings opportunities on both sides. A buy entry is ideal using the following levels

Direction: Buy

Entry: 1.1830

Take Profit: 1.1875

Stop-Loss: 1.1795

On the flip side, a spike near or above 1.1900 favors selling entries using the following levels

Direction: Sell

Entry: 1.1910

Take Profit: 1.1840

Stop-Loss: 1.1945