EURUSD Daily Analysis – August 8, 2019

EURUSD moved sideways in a trading range between 1.1167 and 1.1249. As long as 1.1167 support holds, the upside movement could be expected to continue and next target would be at 1.1300 area. On the downside, a breakdown below 1.1167 support would confirm that the upside movement had completed at 1.1249 already, then the pair would find next support at 1.1130, followed by 1.1100.

EURUSD 4-hour chart