EURUSD Daily Analysis – August 31, 2018

EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.1301 had completed at 1.1733 already. Deeper decline is still possible and next target would be at 1.1550 area. Near term resistance is at 1.1690, only a break above this level could trigger further upside movement towards 1.1800.

EURUSD 4-hour chart