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EUR/USD Price Movement On August 13, 2020.

analytics5f34a3f7a12c1.jpg

According to the 4-hour chart, EUR/USD is moving sideways now. You can see the current price in the Maroon Rectangle Box, but for now Fiber may go down approximately between the levels of 1.1764 - 1.1742. This downward movement is already confirmed by the William %R Oscillator that is already at the Overbought level (-20). Although, the downward movement will be automatically canceled if the Fiber goes up and moves above the 1.1817 level.

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The material has been provided by InstaForex Company - www.instaforex.com