EURUSD Daily Analysis – August 23, 2018

EURUSD extended its upside movement from 1.1301 to as high as 1.1622. As long as the price is above the bullish trend line on the 4-hour chart, the pullback from 1.1622 could be treated as consolidation for the uptrend, and another rise towards 1.1800 is still possible after the consolidation. Only a clear break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart