EURUSD Daily Analysis – July 31, 2019

EURUSD moved sideways in a trading range between 1.1101 and 1.1187. As long as 1.1187 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1412, further decline to 1.1050 area is still possible after the consolidation., only break above 1.1187 resistance could signal completion of the downtrend.

EURUSD 4-hour chart