EURUSD Daily Analysis – June 8, 2017

EURUSD remains in short term uptrend from 1.1109, as long as 1.1200 support holds, the pullback from 1.1285 could be treated as correction of the uptrend. Further rise could be expected after the correction pullback and a break of 1.1285 resistance could trigger another bullish movement towards 1.1450. On the downside, a breakdown below 1.1200 support will indicate that lengthier consolidation for the longer term uptrend from 1.0569 (Apr 10 low) is underway, then the pair will find support at around 1.1130.

EURUSD 4-hour chart