EURUSD Daily Analysis – July 21, 2017

After consolidation, EURUSD continued its bullish movement from 1.1118 and the rise extended to as high as 1.1657. Near term support is at the rising trend line on the 4-hour chart. As long as the pair is above the trend line, the uptrend could be expected to continue and next target would be at 1.1800 area. Key support is at 1.1479, only a breakdown below this level could signal completion of the uptrend.

EURUSD 4-hour chart