FX.co ★ EUR/USD analysis for August 14 2020 - EUR is heading to test our target at 1.1910 with no signs of any reversal yet

CNBC:

Consumers spent less than expected in July as a pullback in auto sales helped cool an economy struggling to shake off the effects of the coronavirus pandemic.

Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones.

Overall, it was the third straight monthly increase.

As I discussed in the previous review, the EUR managed to complete the downside correction and reject of the support at 1,1715.

Further Development

Analyzing the current trading chart, I found that the buyers are still in control and there is potential for test of upside references at 1,1865 and 1,1907.

Watch for the buying opportunities on the dips.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Natural gas and Lumber, on the bottom Silver and Euro Stoxx 50

Key Lvels: