EURUSD Daily Analysis – September 12, 2016

After touching that bottom of the price channel on 4-hour chart, EURUSD rebounded from 1.1198, indicating that the pair remains in uptrend from 1.1123, and the fall from 1.1326 would possibly be correction of the uptrend. Another rise towards 1.1400 could be expected over the next several days. Key support is now at 1.1198, only break below this level could bring price back to 1.1000 zone.

eurusd chart