FX.co ★ Trading Signals for EUR/USD on August 21-24, 2026: sell below 1.1718 (21 SMA - 8/8 Murray)

The euro is trading around 1.1693, following an uptrend that began during Thursday's European session, but it could face strong resistance around the Murray 8/8 level, located at 1.1718.

The euro could experience a technical correction in the coming days; for this to happen, the Murray 8/8 level would need to act as a solid barrier. If the price reaches this zone and fails to break through it, this will be interpreted as a sell signal.

On the other hand, a double-top pattern may be in progress. If this pattern is confirmed, we could sell below 1.1718, and the price could even reach the 7/8 Murray line, around 1.1657, before finding support at the 21 SMA level, around 1.1629.

The Eagle indicator shows a positive signal; however, from a technical perspective, we are seeing a loss of upward momentum, so our strategy will be to sell if the price consolidates below 1.1718.