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10.08.202014:22 Forex Analysis & Reviews: EUR/USD analysis for August 10 2020 - EUR is in the C leg with potential completion and the upside rotation

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One for the fact box.

Gold etf's so popular they now surpass Germany's official reserve levels.

EUR managed to continue with downside momentum and its probably going towards the swing lows at 1,1705 and 1,1685.

The level at 1,1700 seems like solid support to watch and potential levels for buyers to come in.

Further Development

Analyzing the current trading chart, I found that EUR is in the downside phase and creation of the C leg.

There is the downside potential and selling opportutniies are preferable.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Lean Hogs and Silver today and on the bottom Ethanol and the VIX

EUR is on also on the bottom of the list with the sellers in control.

Key Lvels:

Resistance: 1,1800

Support levels: 1,1705

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