EURUSD

According to Q-Sp projection line a decline or at least consolidation is expected. Dominant trading cycle from T-Sp mostly support flat development with further growth in the second half of Aug.

The same comes from annual (thin red) and seasonal (green) curves.

TPA shows that price went through resistance levels and expected cutback will determine a new swing for new support levels (currently resistance). So this decline has target at 1.1590 and 1.1350.

Intraday M30 time frame suggests a bounce from 1.1760 to 1.1850 where sale opportunity is reasonable to trade. OR after consolidation below support level 1.1760.