Technical analysis of the EUR/USD pair for August 2020

Trend analysis. In August, a pullback movement downward is possible with the first target at 1.1711 – the support line (black bold line). If this line is broken down, we will continue to the next downside target at 1.1608 – the pullback level of 23.6% (red dotted line). Fig. 1 (monthly chart). Indicator analysis: – […]