EURUSD Daily Analysis – August 10, 2017

EURUSD is now in the downtrend from 1.1909. Further decline could be expected after a minor consolidation and next target would be at the bottom support trend line of the price channel on its daily chart, now at around 1.1515. Resistance levels are at 1.1825 and 1.1909, only break above these levels could trigger another rise towards 1.2000.

EURUSD 4-hour chart