EURUSD Daily Analysis – August 8, 2018

Being contained by 1.1508 support, EURUSD rebounded from 1.1530. However, as long as 1.1620 resistance holds, another fall to test 1.1508 support is possible, a breakdown below this level could trigger further downside movement towards 1.1400. On the upside, a break of 1.1620 resistance could bring the price back towards 1.1660 zone.

EURUSD 4-hour chart