EURUSD Daily Analysis – September 22, 2017

EURUSD failed to break below 1.1823 key support and stays in a trading range between 1.1823 and 1.2092, suggesting that lengthier consolidation from the uptrend from 1.0569 (Apr 10 low) is underway. As long as 1.1823 key support holds, the uptrend could be expected to resume and an upside break of 1.2092 could bring price to next resistance level at 1.2165. On the downside, a breakdown below 1.1823 level could signal completion of the uptrend, then the pair would find next support at 1.1662.

EURUSD 4-hour chart