Read more
12:07 PM · 14 August 2020

EURUSD breaks back above 1.18 handle

-
-
Open account Download free app

Looking at the H1 interval, one can see that EURUSD has been trading in a sideways move recently. However looking at the H1 chart in near term, the 1.1800 handle looks to be the key support for now. As long as the price sits above, the further move toward resistance at 1.19 is the base case scenario. But if the pair breaks back below 1.18, the lower limit of the consolidation range at 1.1715 could be at risk. One should be aware that the market may become more volatile once US data (retail sales for July) is released at 1:30 pm BST.

EURUSD H1 interval. Source: xStation5

6 February 2026, 5:22 PM

Three markets to watch next week (09.02.2026)

6 February 2026, 2:51 PM

Geopolitical Briefing (06.02.2026): Is Iran Still a Risk Factor?

6 February 2026, 9:51 AM

Chart of the Day: EURUSD after data from Europe and weaker US labor market

5 February 2026, 7:05 PM

Daily summary: Red dominates on both sides of Atlantic

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits