EUR/USD Weekly Analysis – Sunday, August 5

EUR/USD continued its sideways movement in a trading range between 1.1508 and 1.1851, and is now facing 1.1508 support.

A breakthrough this level could trigger further downside movement towards 1.1400.

Key resistance is at 1.1851, only a break above this level could signal completion of the downtrend from 1.2555.

EURUSD daily chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.