FX.co - EUR/USD analysis for August 05 2021 - Key pivot at the price of 1.1850 is on the test

2021-08-05T11:20:44

Relevance until2021-08-06

Technical analysis:

EUR/USD analysis for August 05 2021 - Key pivot at the price of 1.1850 is on the test

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for August 05 2021 - Key pivot at the price of 1.1850 is on the test