EURUSD Daily Analysis – August 3, 2020

EURUSD remains in the uptrend from 1.1184, the pullback from 1.1908 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to resume, and further rise to 1.2000 is still possible. Key support is located at the trend line, only break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart