EURUSD Daily Analysis – June 16, 2017

EURUSD is forming sideways movement in a trading range between 1.1109 and 1.1295. As long as 1.1109 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 is still possible after the consolidation. The key support is at 1.1070, only a breakdown below this level could signal completion of the uptrend.

EURUSD 4-hour chart