EURUSD Daily Analysis – August 26, 2019

EURUSD broke above 1.1113 resistance, suggesting that the downside movement from 1.1249 had completed at 1.1051 already. Further rally could be expected and next target would be at 1.1200 area. Near term support is at 1.1110, below this level could bring the price back to 1.1080 area.

EURUSD 4-hour chart