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ForexTrendline
Aug 7, 2020 4:32 AM

Will EURUSD find strength for higher values? Short

EURO / U.S. DOLLARICE

Description

Yesterday we saw another test at 1.19, but very sharply the price has return. This morning we see a new decrease. It closed below the previous and thus formed a double peak of H1. This may lower the price to previous levels in the 1.1700 range.

Today is an important day for EURUSD. As usual on the first Friday of the month we expect NFP! It is this news that can give push and direction of the price. Expectations are for 1600K at previous values of 4800K

It looks like EURUSD will need some time and lower levels before it can break 1.19 and move on to the next resistance.
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