EURUSD Daily Analysis – September 4, 2018

EURUSD remains in the downtrend from 1.1733. Further decline is still possible after a minor consolidation and next target would be at 1.1540 area. Near term resistance is at 1.1640, only a breakout of this level could take the price back towards 1.1733 previous high.

EURUSD 4-hour chart