EURUSD
**EURUSD Price Action Analysis – Monday, August 26**
From a price action perspective, the overall trend of the EURUSD pair is bullish. However, the short-term structure of EURUSD is expected to lean towards a bearish move. Therefore, the price may react to the pivot level as resistance and then move back towards the first support.
- **Pivot Level: 1.1244**
- This level is recognized as a turning point and could trigger a bearish reversal.
- **First Support: 1.1106**
- This support is the confluence of several price levels and may limit the downside movement.
- **First Resistance: 1.1373**
- This resistance represents a technical reversal level that has previously capped upward movements in the market.
From a price action perspective, the overall trend of the EURUSD pair is bullish. However, the short-term structure of EURUSD is expected to lean towards a bearish move. Therefore, the price may react to the pivot level as resistance and then move back towards the first support.
- **Pivot Level: 1.1244**
- This level is recognized as a turning point and could trigger a bearish reversal.
- **First Support: 1.1106**
- This support is the confluence of several price levels and may limit the downside movement.
- **First Resistance: 1.1373**
- This resistance represents a technical reversal level that has previously capped upward movements in the market.
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