EURUSD Daily Analysis – August 1, 2019

EURUSD extended its downside movement from 1.1412 to as low as 1.1033. Further decline is still possible after a minor consolidation and next target would be at 1.1000 area. Resistance is at 1.1080, as long as this level holds, the downtrend will continue.

EURUSD 4-hour chart