EURUSD Daily Analysis – July 5, 2017

EURUSD is in consolidation of the uptrend from 1.1118. Range trading between 1.1290 and 1.1445 would likely be seen in a couple of days. As long as the 1.1290 key support holds, the uptrend from 1.1118 could be expected to resume, and another rise to test 1.1450 key resistance is still possible. On the downside, a breakdown below 1.1290 support will indicate that the uptrend had completed at 1.1445 already, then the pair will find support at around 1.1200.

EURUSD 4-hour chart