EURUSD is in consolidation for the uptrend from 1.1168. Range trading between 1.1650 and 1.1908 would likely be seen in a couple of days.
As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to resume, and a further rise to the 1.2000 area is still possible after the consolidation.
On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 1.1908 already, then the pair would find next support level at around 1.1450.





Comments
Log in or sign up to join the conversation.