EURUSD Daily Analysis – July 29, 2019

EURUSD remains in the downtrend from 1.1412, the bounce from 1.1101 is likely consolidation for the downtrend. As long as 1.1187 resistance holds, the downside movement could be expected to resume, a breakdown below 1.1101 support could trigger further downside movement to 1.1050 area, only break above 1.1187 resistance could signal completion of the downtrend.

EURUSD 4-hour chart