Euro somehow facing the overbought sentiment around the latest peak. However data pointer of retail sales reached their pre-crisis level in June and July’s final PMIs confirmed that the broader recovery continued at the start of Q3. On top of it position structure in euro still keeps the bullish momentum.
TREND : WEAK BEARISH / SIDEWAYS
Time : 07/08/2020
Pivot : 1.1853
Technical View : LONG ABOVE 1.1873
Target : 1.1893, 1.1957, 1.1993
Technical View : SHORT BELOW 1.1833
Target : 1.1813, 1.1775, 1.1749, 1.1686