EURUSD Daily Analysis – July 18, 2018

EURUSD broke below 1.1670 support, suggesting that the short term uptrend from 1.1613 had completed at 1.1744 already. Further decline to test 1.1613 support could be expected, a breakdown below this level could take the price towards 1.1500. Resistance levels are at 1.1700 and 1.1744, only break above these levels could trigger another rise towards 1.1850.

EURUSD 4-hour chart