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13.08.202011:49 Forex Analysis & Reviews: Trader's diary on 08/13/2020. EURUSD and US Market

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Exchange Rates 13.08.2020 analysis

S&P 500 - day.

The US market is back at the highs of the beginning of the year. Do you remember what it was like even before the coronavirus and the crisis? The US market is clearly overbought and requires a deep correction. The state of the economy is much worse than before the crisis, unemployment is at least 10%, and growth is slowing down. Therefore, you can start selling.

Exchange Rates 13.08.2020 analysis

EURUSD:

There is a new attempt to grow from the level of 1.1810.

We continue to buy deals.

We can consider selling from the level of 1.1710.

Jozef Kovach
Analytical expert of InstaForex
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