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17.08.202111:39 Forex Analysis & Reviews: What to expect from EUR/USD this week?

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If the EUR/USD pair stays above the support zone of 1.1761-1.1757 today, the upward movement will resume and we will be able to keep buying up to the target weekly control zone of 1.1899-1.1882. If you enter near the support zone, the profit will be 120pp. This makes the transaction profitable, since the risk-to-profit ratio will be higher than 1/3.

If the support zone remains insurmountable, the movement of the current week will continue to grow, which occurred on August 13. It will be possible to consider sales if the closing of today's trading occurs below the level of 1.1757. This will indicate a change in the trend. Sales will become relevant, and the probability of updating the August low will increase to 75%.

Exchange Rates 17.08.2021 analysis

An alternative model will look like this.

Exchange Rates 17.08.2021 analysis

In both cases, the movement potential will be quite high. This will allow you to hold transactions for 2-3 days.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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