EURUSD Daily Analysis – August 21, 2019

EURUSD stays in a trading range between 1.1065 and 1.1113. The price action in the range is likely consolidation for the downtrend from 1.1249, further decline towards 1.1026 support is still possible. On the upside, a breakout of 1.1113 resistance would indicate that the downside movement had completed at 1.1065 already, then further rally to 1.1180 area could be seen.

EURUSD 4-hour chart