EURUSD Daily Analysis – August 1, 2018

EURUSD continued its sideways movement in a triangle pattern on its 4-hour chart. Resistance is at the top trend line of the pattern, a clear break above could take the price to 1.1900 area, followed by 1.2000. Support is at the bottom trend line of the pattern, below the trend line could trigger further downside movement towards 1.1500.

EURUSD 4-hour chart