EURUSD Daily Analysis – August 15, 2019

EURUSD broke below 1.1162 support, suggesting that the upside movement from 1.1026 had completed at 1.1249 already. Deeper decline would likely be seen and next target would be at 1.1100 area. Resistance is at 1.1175, above this level could trigger another rise towards 1.1250.

EURUSD 4-hour chart