FX.co ★ Weekly review of EUR/USD for August 21, 2023

Alternative scenario : On the downside, the 1.1012 level represents support. The next major support is located near the 1.1012, which the price may drift below towards the 1.0945 support region. The volatility is very high for that the EUR/USD pair is still moving between 1.0900 and 1.1012 in coming hours. The bulls must break through 1.1012 in order to resume the up trend.