EURUSD Likely To Test 1.1715

Tuesday, 25/08/2020 | 13:51 GMT-0

Disclaimer

The common currency is trading somewhat flat on Monday.

Price action on the 4-hour chart shows a lower high forming. At the same time, we also have the hidden bearish divergence.

From here on, EURUSD will most likely slide to the 1.1715 level of support. It is also possible that price action will remain supported above this level in the near term.

Upside bias gains prominence, only if the common currency can rise above the recent swing high point near 1.1850.

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Source: https://www.orbex.com/blog/en/2020/08/eurusd-likely-to-test-1-1715

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