EURUSD Daily Analysis – July 17, 2017

EURUSD remains in uptrend from 1.1118, the price action from 1.1445 could be treated as consolidation of the uptrend. As long as 1.1312 key support holds, the uptrend could be expected to continue and further rise towards 1.1600 is possible after the consolidation. Near term resistance is at 1.1489, a break of this level could signal resumption of the uptrend.

EURUSD 4-hour chart