EURUSD Daily Analysis – August 7, 2019

EURUSD broke below 1.1190 support, suggesting that the upside movement from 1.1026 had completed at 1.1249 already. Further decline would likely be seen, a breakdown below 1.1167 support could take the price to 1.1130, followed by 1.1100. However, as long as 1.1167 support holds, one more rise towards 1.1300 is still possible.

EURUSD 4-hour chart