EURUSD Analysis 11 Aug 20

Ahead of the US Producer Price Index, the EURUSD pair is trading below the 1.1744 key resistance level. As long as the pair stays below 1.1744 on a four hourly basis, we will watch the support level at 1.1658. On the upside, if the pair rises above 1.1744, the next resistance level can be found at 1.1819.

Support : 1.1658 - 1.1589 - 1.1507

Resistance : 1.1744 - 1.1815 - 1.2046