EURUSD rebounded from 1.1728 after touching the bottom support trend line of the price channel on its 4-hour chart, indicating that the pair remains in the bullish movement from 1.1312. Key support is now at 1.1728, as long as this level holds, the bullish move could be expected to continue and next target would be at 1.2000 area. On the downside, a breakdown below 1.1728 support will indicate that the bullish movement had completed at 1.1909 already, then the pair will find support at bottom of the price channel on its daily chart.

eurusd 4-hour chart

Source: http://www.forexcycle.com/short-term-forex-analysis/113550-eurusd-daily-analysis-august-7-2017.html

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