EURUSD Weekly Analysis – August 16, 2020

EURUSD stays above a rising trend line on the daily chart and remains in the uptrend from 1.0635. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.2100 area. Near term support is at 1.1695, a breakdown below this level could bring the price back towards the trend line.

EURUSD daily chart