Forex EUR/USD Daily Video, August 20, 2020

[Sive Morten]

Good morning,

Today we discuss short-term bearish setup that we suddenly has got yesterday - not only on EUR but on GBP as well:

 

[Gerogemabel414]

Agreed. Both EUR and GBP dropped ahead of FOMC July meeting minutes.
What is your take on EUR? Will it reach the $1.2 level in coming weeks/months?

 

[soul rebel]

Agreed. Both EUR and GBP dropped ahead of FOMC July meeting minutes.
What is your take on EUR? Will it reach the $1.2 level in coming weeks/months?

You can find Sive's detailed report for the current week here:

Forex - FOREX PRO WEEKLY, August 17 - 21, 2020

Fundamentals This week we mostly have some statistics that makes the shape of the markets. Volatility was moderate, except Gold, probably, and currencies mostly stand around the same levels where they were in the beginning of the week. No drastic shifts in long-term background by far. News...

www.forexpeacearmy.com

Sive prepares his weekly reports and posts them on Saturday, so look again at the weekend for next weeks' report.