EURUSD Daily Analysis – August 6, 2019

EURUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.1285 had completed at 1.1026 already. Further rally could be expected and next target would be at 1.1260 area. Near term support is at 1.1190, below this level could bring the price back to 1.1150 area.

EURUSD 4-hour chart