EURUSD Daily Analysis – July 20, 2017

EURUSD remains in uptrend from 1.1118, the fall from 1.1583 is likely consolidation of the uptrend. Further rise is still possible after the consolidation and next target would be at 1.1700. Key support is located at the ascending trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart