Dear traders,

The trading analysis from last time was about AUDUSD.

The pair did manage to bounce lower and is currently looking less bearish on the daily.

There was a pin bar pattern that formed on Friday and I can expect to see some of the bears collecting profits early next week.

For the time being, I am not going to do anything with this pair.

EURUSD Trading Analysis 22.08.2021

Looking at EURUSD, I can see a major demand zone.

I can also see an inside bar that formed on Friday.

Those two factors are boding well for the bulls and it seems like we might see the trend reversing in the coming week.

I might be looking to open a long position if I see the price reversing back to around 1.1685.

I will be looking for a bullish candlestick formation on the 4H chart confirming the bullish bias.

Until then, I will be patiently waiting.

Happy trading,

Colibri Trader

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