FX.co ★ EUR/USD analysis for August 13 2020 - EUR is heading to test our target at 1.1910 with no signs of any reversal yet

The next round of Brexit talks will take place in Brussels next week

Negotiators will kick things off with a dinner on 18 August at 1700 GMT, before talks continue through the week and they will wrap things up on 21 August. After that, we can generally expect the usual press conferences from Frost and Barnier.

Just a heads up for pound traders and something to add to the agenda next week.

dy is expected to start in September with Phase 3 set to be conducted by the end of the year.

As I discussed in the previous review, the EUR is doing nice progress since our last bull call and is heading towards our main target at 1,1910.

The level at 1,1910 seems like the solid area of resistance and very important pivot level of EUR to watch.

Further Development

Analyzing the current trading chart, I found that the buyers are in control and that there is no evidence of any reversal yet, which is good sign for the further upside movement.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Lumber and Live Cattle.

On the bottom of the list are Copper and Heating Oil.

Key Levels:

Resistance: 1,1910

Support level: 1,1810