EURUSD Daily Analysis – August 17, 2018

EURUSD stays in a falling price channel on its 4-hour chart and remains in the downtrend from 1.1746. As long as the price is in the channel, the bounce from 1.1301 could be treated as consolidation of the downtrend and a breakdown below 1.1301 could trigger another fall towards 1.1200. Key resistance is at 1.1432, only a break of this level could bring the price back into 1.1500 zone.

EURUSD 4-hour chart