EURUSD Daily Analysis – April 21, 2017

EURUSD’s upward movement from 1.0569 extended to as high as 1.0777. Near term support is at 1.0699, as long as this level holds, the fall from 1.0777 could be treated as consolidation of the uptrend and further rise to 1.0830 area is still possible after the consolidation. Key support is located at the bottom of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

EURUSD chart