EURUSD Daily Analysis – August 27, 2018

EURUSD failed to break below the bullish trend line on the 4-hour chart and extended its upside movement from 1.1301 to as high as 1.1653. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.1750 area. Key support is at 1.1529, only a breakdown below this level could bring the price back towards 1.1400.

EURUSD 4-hour chart