EUR/USD: Trade ideas for August 22
The EURUSD has found support at the level of 1.3241, where this pair has made a rebound and found resistance at the level of 1.3281, so the EURUSD should do a breakout at that level to reach the 38.2 Fibo level in the H1 chart. It is likely that this pair make a pullback at that level to fall to the support level of 1.3220.
If the EURUSD performed a breakout at that level, the next objective would be the level of 1.3155, where is located the 100.0 Fibo extension level. The CCI indicator is pointing downwards and which is close to the 100 level.
Trading recommendations: Place sell orders if the EURUSD does a pullback at the resistance level of 1.3306, with take profit at the support level of 1.3241.