EURUSD Daily Analysis – August 12, 2020

EURUSD is facing 1.1695 support, a breakdown below this level would indicate that the upside movement from 1.1168 (Jun 19 low) had completed at 1.1916 already, then deeper decline to 1.1450 area could be seen. Near term resistance is at 1.1810, a break of this level could trigger another rise towards 1.1900.

EURUSD 4-hour chart