EURUSD Daily Analysis – August 29, 2019

EURUSD extended its downside movement from 1.1164 to as low as 1.1073. As long as 1.1097 resistance holds, the downside movement could be expected to continue and next target would be at 1.1050 support. On the upside, a breakout of 1.1097 resistance would suggesting that the downside movement is complete, then another rise towards 1.1150 could be seen.

EURUSD 4-hour chart