EURUSD Daily Analysis – August 21, 2018

EURUSD extended its upside movement from 1.1301 to as high as 1.1542, facing the resistance at 1.1550. A break of this level could trigger further upside movement towards 1.1628 resistance. Support is located at the bullish trend line on the 4-hour chart, only a breakdown below the trend line support could bring the price back towards 1.1300.

EURUSD 4-hour chart