Home Forex News Euro Slightly Losing its Winning Streak Amid Overbought Sentiment

Euro Slightly Losing its Winning Streak Amid Overbought Sentiment

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Euro remains subdued below $1.19 as overbought sentiment resist the single currency to surpass its latest high. On top of it market sentiment still bit nervous amid ongoing tensions between US and China and that may give some cushion for dollar to bounce back. Additionally Turkish Lira continues fall makes euro bit vulnerable for a while.

TREND : WEAK BEARISH

Time                                      :           10/08/2020

Pivot                                      :           1.1788

Technical View                     :             SHORT BELOW 1.1768

Target                                   :            1.1763, 1.1757, 1.1747

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