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Exchange Rates 20.08.2019 analysis

There is no important news right now. Markets are waiting for two events: the report from the last meeting of the Fed and the meeting of the heads of the World Central Bank in Jackson Hall.

The market is under pressure from the dollar.

The euro is falling as the ECB promises to introduce a large package of monetary policy easing in September.

EURUSD: We are on sale from 1.1160, stop at breakeven. The key level on the way down is 1.1025.

Sales are possible from bouncing up or at the breakdown of 1.1065.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2019
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