EURUSD Daily Analysis – June 22, 2017

EURUSD is testing 1.1109 support, a breakdown below this level could signal completion of the uptrend from 1.0569 (Apr 10 low), then the following bearish movement could bring price back into 1.0800 zone. However, as long as 1.1109 support holds, the pullback from 1.1295 would possibly be consolidation of the uptrend, and another rise towards 1.1450 could be expected after the consolidation.

EURUSD 4-hour chart