EURUSD Daily Analysis – August 10, 2020

EURUSD remains in the uptrend from 1.1168, the price action from 1.1908 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2000 area. Key support is at 1.1695, only a breakdown below this level could bring the price back to 1.1450 zone.

EURUSD 4-hour chart