EURUSD Daily Analysis – July 26, 2017

EURUSD extended its bullish movement from 1.1312 to as high as 1.1712. As long as the pair is above the ascending trend line on the 4-hour chart, the bullish movement could be expected to continue and next target would be at 1.1800 area. On the downside, a clear break below the trend line support will indicate that correction for the uptrend is underway, then the following pullback could take price back to test 1.1479 support.

EURUSD 4-hour chart