EURUSD Daily Analysis – July 31, 2018

EURUSD formed a triangle pattern on its 4-hour chart. A clear break above the top trend line of the pattern could take the price to 1.1900 area, followed by 1.2000. Support is at the bottom of the pattern, only a breakdown below the bottom support trend line of the pattern could trigger another downside movement towards 1.1500.

EURUSD 4-hour chart