EURUSD Daily Analysis – February 17, 2017

EURUSD’s rise from 1.0521 extended to as high as 1.0679. Further rise to 1.0700 – 1.0740 area would likely be seen after a minor consolidation. Resistance is at 1.0740, as long as this level holds, the rise would possibly be correction of the downtrend from 1.0828, another fall to 1.0400 area could be expected after correction.

eurusd chart