FX.co ★ Trading Signals for EUR/USD for September 2-5, 2024: buy above 1.1047 (5/8 Murray - 21 SMA)

chart and is now consolidating around 1.1068. If EUR/USD remains above 1.1083 in the next few hours, the instrument is likely to continue the bullish movement for the next few days and could reach 8/8 Murray at 1.1230.

The 6/8 Murray resistance zone also represents a strong barrier for the euro. If the bearish strength prevails and EUR/USD is rejected off 1.1108, it will be seen as an opportunity to sell with the target at 1.1047 and finally, at the 200 EMA at about the psychological level of 1.10.

The Eagle indicator has been producing oversold signals, so we will look for buying opportunities in the coming days above the weekly low or above 1.1047 (5/8) with targets at 1.1108 and 1.1169.