EURUSD Daily Analysis – August 13, 2018

EURUSD extended its downside movement from 1.1746 to as low as 1.1369. Further decline is still possible after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1480, as long as this level holds, the downtrend will continue.

EURUSD 4-hour chart