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FX.co ★ EUR/USD analysis for August 10 2021 - Key support at the price of 1.1705 can be on the test

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Forex Analysis:::2021-08-10T11:35:28

EUR/USD analysis for August 10 2021 - Key support at the price of 1.1705 can be on the test

Technical analysis:

EUR/USD analysis for August 10 2021 - Key support at the price of 1.1705 can be on the test

EUR/USD has been trading downside but the key support at the price of 1,1705 can be on the test.

Trading recommendation:

Due to the lack of sellers around major pivot level at 1,1700, I see potential for the rally towards previous swing lows at 1,1755.

Watch for potential rejection of the key pivot to confirm upside movement.

Stochastic oscillator is showing oversold condition...

Analyst InstaForex
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