EURUSD Market Outlook- 10 Aug 2019

We gave that few post about GBPUSD market outlook. Here is short analysis on EURUSD. EURUSD is also near the 2 years low too like GBPUSD. However, EURUSD is nearly 150 pips away from it. We can tell Brexit can also affect EUR as well as GBP. What is difference is that EURUSD showed some correction last few days with the formation of 3 Drives pattern. Currently, EURUSD is still have few more known supports, the potential continuation zone of 3 Drives pattern. Especially it is currently making some visual test over the last PCZ level. However, continued weakness in GBPUSD can lead another test of this PCZ level. So stay tuned.

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