EURUSD Daily Analysis – July 8, 2019

EURUSD extended its downside movement 1.1412 to as low as 1.1207. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1181 support. Only a clear break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart