FX.co ★ Trader's diary 07/08/2020. EURUSD: Battle for the level of 1.1240 remains

EUR/USD:

The EUR/USD pair looks amazing, but it seems that the euro is coming out of a rest state.

Throughout Tuesday, there was a lively battle between the bulls and bears on the euro for the right to own the level of 1.1240 – the game ended in a draw last night. But on Wednesday morning, the bears attacked first but then the bulls quickly responded and are now making a new attempt to grow.

Now, buying the euro from the current 1.1290 and stop with a downturn to 1.1257 can be considered.

We hold purchases from 1.1245 and stop from 1.1240. Our goal is 1.1500.