EURUSD Daily Analysis – August 30, 2019

EURUSD broke below 1.1051 support and extended its downside movement from 1.1164 to as low as 1.1042. Deeper decline is still possible and next target would be at 1.1000 area. Resistance is at the falling trend line on the 4-hour chart, only break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart