EURUSD Daily Analysis – August 20, 2018

EURUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 1.1746 had completed at 1.1301 already. Further rally would likely be seen in the coming days and next target would be at 1.1550 area. Support levels are at 1.1360 and 1.1300, only break below these levels could trigger another fall towards 1.1200.

EURUSD 4-hour chart