EURUSD Daily Analysis – June 14, 2017

EURUSD is facing the resistance of the top trend line of the bearish price channel on its 4-hour chart. As long as the pair is in the channel, the bearish move from 1.1285 could be expected to continue and next target would be at around 1.1130. On the upside, A clear break of the channel resistance will indicate that the downside movement had completed at 1.1166 already, this could trigger another rise towards 1.1450.

EURUSD 4-hour chart