FX.co ★ EUR/USD analysis for August 18 2020 - Second upside target at the price of 1.1910 has been reached. Potential for third target at 1.1990

• Long US tech, growth (59%) the most crowded trade (4 straight months now)
• Long gold (23%) is the next most crowded trade
• Coronavirus second wave (35%) remains biggest tail risk (5 straight months now)
• US-China trade war (19%) and US election (14%) are next biggest risk factors

Based on the graph above I found that on the top of the list we got Silver and Ethanol today and on the bottom Orange Juice and Feeder Cattle.

EUR is in the positive territory, which is good indication that buyers are in control today.

Key Levels:

Resistance: 1,1915

Support level: 1,1865