EURUSD Daily Analysis – September 21, 2017

EURUSD is facing 1.1823 key support once again. A breakdown below this level could indicate that the uptrend from 1.0569 (Apr 10 low) had completed at 1.2092 already, then deeper decline towards 1.1662 could be seen. On the upside, as long as 1.1823 level holds, the price action in the trading range between 1.1823 and 1.2092 could be treated as consolidation of the uptrend, and one more rise towards 1.2165 resistance is still possible after the consolidation.

EURUSD 4-hour chart