EURUSD Daily Analysis – August 15, 2017

EURUSD moved sideways in a trading range between 1.1689 and 1.1909. Support is at 1.1689, a breakdown below this level could bring price to the bottom support trend line of the price channel on its daily chart. Resistance is at 1.1909, only a break out of this level will indicate that the uptrend from 1.1118 (Jun 20 low) has resumed, then next target would be at 1.2000 area.

EURUSD 4-hour chart