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

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