EURUSD Daily Analysis – August 27, 2019

EURUSD remains in the uptrend from 1.1051, the pullback from 1.1164 is likely corrective consolidation for the uptrend. Another rise could be expected and next target would be at 1.1200 area. Near term support is at 1.1080, below this level could trigger further downside movement towards 1.1050.

EURUSD 4-hour chart