EURUSD Daily Analysis – July 13, 2018

EURUSD’s downside movement from 1.1790 extended to as low as 1.1649. Further decline is still possible after a minor consolidation and next target would be at 1.1550 area. Resistance is now at 1.1740, only a breakout of this level could trigger another upside movement towards 1.1851 resistance.

EURUSD 4-hour chart