EURUSD Daily Analysis – September 15, 2017

EURUSD stays below a bearish trend line on the 4-hour chart and remains in the short term downtrend from 1.2092. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1823, followed by 1.1662. On the upside, a clear break above the trend line resistance could signal completion of downtrend, then the following bullish movement could bring price to 1.2165 area.

EURUSD 4-hour chart