Forex Forecast – 19 august 2020

Forex Forecast Report

Check here the Forex Forecast Report of August 19, 2020. It contains the expectations of the euro against different currencies, trends, important support and resistance levels and more.

 

Agenda

Source: DailyFX.com

 

Global Euro Energy

The value of the Global Euro Energy indicator has turned to negative. This means that from a global perspective the Euro loses strength.

 

Global View

Possible Top

The following currencies show a possible short-term top. This means that the Euro may weaken somewhat against the currencies below for the short term.

EUR/CNH

EUR/RUB

EUR/TRY

EUR/USD

 

Possible Bottom

The following currencies show a possible short-term bottom. This means that in the short term the Euro can strengthen somewhat against the currencies below.

EUR/NOK

 

Disclaimer:

No Investment/ Hedging Advice Provided. Any opinions, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment/hedging advice. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading/ hedging decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. Forextra.io will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
We do not recommend the use of the Forextra Forecast Report as a sole means of trading/ hedging decisions. We do not recommend making hurried trading/ hedging decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.