EURUSD Daily Analysis – August 7, 2018

EURUSD extended its downside movement from 1.1746 to as low as 1.1530, facing 1.1508 support, a breakdown below this level could trigger further downside movement towards 1.1400. Near term resistance is at 1.1600, only a break of this level could bring the price back into 1.1660 zone.

EURUSD 4-hour chart