EURUSD Daily Analysis – July 19, 2017

EURUSD broke above 1.1489 resistance and extended its bullish movement to as high as 1.1583. Near term support is at 1.1500, as long as this level holds, the uptrend from 1.1118 could be expected to continue and next target would be at 1.1700 area. On the downside, a breakdown below 1.1500 support could bring price to the next support level at 1.1450, followed by the bullish trend line on its 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart