EURUSD Daily Analysis – August 20, 2019

EURUSD moved sideways in a trading range between 1.1066 and 1.1113. As long as 1.1113 resistance holds, the sideways move could be treated as consolidation for the downtrend from 1.1249, deeper decline towards 1.1026 support is still possible after the consolidation. Only break above 1.1113 resistance could bring the price back to 1.1150, followed by 1.1180.

EURUSD 4-hour chart