EURUSD Daily Analysis – June 15, 2017

After touching 1.1285 resistance, EURUSD pulled back to 1.1193, suggesting that lengthier consolidation for the uptrend from 1.0569 (Apr 10 low) is needed. Deeper decline is still possible and the target would be at 1.1130 area. Resistance is now at 1.1295, a break of this level could trigger another rise towards 1.1450.

EURUSD 4-hour chart