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Analytics 20.08

EUR / USD


EUR / USD is trading near a two-week low
The pair EUR / USD is trading in a narrow range of $ 1.1070-90 - slightly above the two-week low of $ 1.1065 reached last week. EUR / USD fell below the MA (200) H1 moving average ($ 1.1155), and on the four-hour chart it fell below MA (200) H4 ($ 1.1180), remaining under the control of bears. In this situation, it is worth continuing to adhere to the southern direction in trade and look for entry points for sale.
Resistance is at the level of: $ 1.1115, $ 1.1155-60, $ 1.1190
Support levels are located at: $ 1.1065, $ 1.1025, $ 1.1000
The main scenario for the pair's promotion is support breaks of $ 1.1065 (minimum of August 16) and a decrease to $ 1.1025 (minimum of August 1).
 

USD / JPY

USD / JPY globally controlled by bears
The pair USD / JPY yesterday, after falling to the level of Y106.25, soon rose rapidly to Y106.70, restoring all the lost positions and closed the day near Y106.55. Today, the pair is trading in the range (Y106.50-65), slightly below yesterday's high. USD / JPY is above the MA (200) H1 moving average line, however, on the four-hour chart, it is still trading below the MA (200) H4 line, globally remaining under the control of bears. In this situation, it is worthwhile to continue to adhere to the southern direction in trade, and look for entry points for sale on the formation of correction.
Resistances are at the levels: Y106.75, Y107.10, Y107.55
Support levels are located at: Y106.00-25, Y105.65, Y105.05
The main scenario for the pair to move is a breakthrough of the Y106.00-25 area (August 19 minimum, MA (200) H1 and psychological level) and then a decline to Y105.65 (August 14 minimum)