FX.co - Trader's diary on 08/12/2020. EURUSD and Gold; Euro chooses the direction

2020-08-12T11:12:50

Relevance until2020-08-13

EURUSD:

The euro gave a downward signal twice with breakouts, which both failed.

The fact is that the news is calm and there is no strength in the market for a huge movement.

Nevertheless, we have identified entry points for you:

- Consider buy deals from the level of 1.1810.

- Consider sell deals from the level of 1.1695.

Stops are set at 45 points from the entrance, the minimum goal is 100 points profit.

Trader's diary on 08/12/2020. EURUSD and Gold; Euro chooses the direction

GOLD:

A strong correction finally took place.

Now, it is clear that buying from the level of 1.1870 and below is possible, but not earlier.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Trader's diary on 08/12/2020. EURUSD and Gold; Euro chooses the direction