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05.08.2021 01:20 PM
EUR/USD analysis for August 05 2021 - Key pivot at the price of 1.1850 is on the test

Technical analysis:

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EUR/USD is approaching key pivot level at the price of 1,1850. Watch for the price action around this key pivot to confirm further direction.

Trading recommendation:

Rejection of the key pivot at the price of 1,1850 can confirm downside movement towards 1,1790

Breakout upside above 1,1850 can confirm fuhrer rally towards 1,1893

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