EURUSD Daily Analysis – August 15, 2018

EURUSD continued its downside movement from 1.1746 and the fall extended to as low as 1.1330. Near term resistance is at 1.1432. As long as this level holds, further decline could be expected and next target would be at 1.1200 area. Only a break of 1.1432 resistance could bring the price back into 1.1500 zone.

EURUSD 4-hour chart