EURUSD Daily Analysis – August 22, 2018

EURUSD’s upside movement from 1.1301 extended to as high as 1.1601. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1700 area. Only a clear break of the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart