EURUSD Weekly Analysis – August 19, 2018

EURUSD extended its downside movement from 1.2555 to as low as 1.1301. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Near term resistance is at 1.1550, only a break of this level could bring the price back towards 1.1851 key resistance.

EURUSD daily chart