EURUSD Daily Analysis – July 31, 2017

EURUSD stays in a bullish price channel on its 4-hour chart and remains in uptrend from 1.1312. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.1900 area. Key support is at 1.1613, only a breakdown below this level could signal completion of the uptrend.

EURUSD 4-hour chart