End of day analysis for the EURUSD 12-08-2020
Economies.com
2020-08-12 17:49PM UTC
The EURUSD pair trades with clear positivity to surpass the EMA50 and settles above it, which hints that the price is on its way to regain the main bullish trend and stop today’s suggested negative scenario, as holding above 1.1737 represents the key to confirm the continuation of the rise towards 1.1908 as a next positive target, while breaking 1.1737 and trading below it again will reactivate the correctional bearish trend scenario that its next target located at 1.1632.
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