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12.08.202013:12 Forex Analysis & Reviews: Trader's diary on 08/12/2020. EURUSD and Gold; Euro chooses the direction

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Exchange Rates 12.08.2020 analysis

EURUSD:

The euro gave a downward signal twice with breakouts, which both failed.

The fact is that the news is calm and there is no strength in the market for a huge movement.

Nevertheless, we have identified entry points for you:

- Consider buy deals from the level of 1.1810.

- Consider sell deals from the level of 1.1695.

Stops are set at 45 points from the entrance, the minimum goal is 100 points profit.

Exchange Rates 12.08.2020 analysis

GOLD:

A strong correction finally took place.

Now, it is clear that buying from the level of 1.1870 and below is possible, but not earlier.

Jozef Kovach
Analytical expert of InstaForex
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