EURUSD Daily Analysis – September 14, 2016

EURUSD broke below the bottom of the price channel on 4-hour chart, indicating that the uptrend from 1.1123 had completed at 1.1326 already. Further fall would likely be seen over the next several days, and next target would be at 1.1000 area. Near term resistance is at 1.1280, only break above this level could trigger another rise towards 1.1400.

eurusd chart