EURUSD Daily Analysis – September 1, 2017

After touching the bullish trend line on the 4-hour chart, EURUSD rebounded from 1.1823, indicating that the pair remains in the uptrend from 1.1662. Further rally would likely be seen and next target would be at 1.2000 area. Key support is now at 1.1823, only a breakdown below this level trigger another fall to test 1.1662 support.

EURUSD 4-hour chart