EURUSD Daily Forecast Aug 21 2020


EURUSD: Faces Pullback Threats…

The EURUSD remains in a pullback mode as long as 1.1938/1.1875 resistance holds on a daily closing basis, and further down couldn’t be ruled out. Support comes at 1.1800 levels. A cut-through support will extend the pullback to 1.1689 levels, further down, support comes in the 1.1625 levels.

On the upside, resistance comes at the 1.1875 level ahead of 1.1938 levels. A sustained breakout above 1.1938 may expose the 1.1995 levels, next resistance comes in the 1.2060 levels.

In conclusion: The EURUSD sees fall threats below 1.1938/1.1875 levels…

Support: 1.1800, 1.1735, 1.1685, 1.1625

Resistance: 1.1875, 1.1938, 1.1995, 12060

EURUSD Daily Forecast Aug 21 2020