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

 

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