EURUSD Daily Analysis – July 11, 2017

EURUSD continued its sideways movement in a trading range between 1.1290 and 1.1445. The sideways movement is likely consolidation of the uptrend from 1.1118, another rise to test 1.1450 key resistance is still possible after the consolidation, a break of this level could take price into 1.1600 zone. Key support is at 1.1290, only a breakdown below this level 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