Forex

End of day analysis for the EURUSD 05-08-2020

2020-08-05 17:07:34 GMT (Economies.com)

The EURUSD pair succeeded to reach our first waited target at 1.1908 and faces solid resistance there, waiting to get rid of the current negative momentum and get positive motive that assists to push the price to surpass the mentioned level and rally towards our next target that reaches 1.1995, to continue suggesting the bullish trend in the upcoming sessions, noting that failing to achieve the required breach might force the price to decline and visit 1.1737 areas before any new attempt to rise.

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