EURUSD Daily Analysis – August 10, 2018

EURUSD extended its downside movement from 1.1746 to as low as 1.1516, breaking below 1.1530 support. Further decline could be expected in a couple of days and next target would be at 1.1400 area. Resistance is at 1.1580, only break above this level could bring the price back into 1.1700 zone.

EURUSD 4-hour chart