EUR/USD analysis for August 10 2021 - Key support at the price of 1.1705 can be on the test

Technical analysis:

EUR/USD has been trading downside but the key support at the price of 1,1705 can be on the test.

Trading recommendation:

Due to the lack of sellers around major pivot level at 1,1700, I see potential for the rally towards previous swing lows at 1,1755.

Watch for potential rejection of the key pivot to confirm upside movement.

Stochastic oscillator is showing oversold condition...