EURUSD Daily Analysis – July 12, 2017

After consolidation, EURUSD broke above 1.1450 key resistance and continued its bullish movement from 1.1118. Further rise could be expected over the next several days and next target would be at 1.1600 area. Near term support is at 1.1375 and the key support is now at 1.1312, only break below these levels could signal completion of the uptrend.

EURUSD 4-hour chart