EURUSD Weekly Analysis – August 5, 2018

EURUSD continued its sideways movement in a trading range between 1.1508 and 1.1851, and is now facing 1.1508 support. A breakthrough this level could trigger further downside movement towards 1.1400. Key resistance is at 1.1851, only break above this level could signal completion of the downtrend from 1.2555.

EURUSD daily chart