EURUSD Daily Analysis – August 19, 2019

EURUSD extended its downside movement from 1.1249 to as low as 1.1066. Resistance is at 1.1120, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.1026 support. Only break above 1.1120 resistance could signal completion of the downtrend.

EURUSD 4-hour chart