EURUSD Daily Analysis – September 25, 2017

EURUSD continued its sideways movement in a trading range between 1.1823 and 1.2092. As long as the price is above 1.1823 support, the sideways move could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), another rise towards 1.2165 resistance could be expected after the consolidation. Resistance is at 1.2092, a breakout of this level could signal resumption of the uptrend. On the downside, a breakdown below 1.1823 support could indicate that lengthier consolidation for the uptrend is underway, then the pair would find next support at 1.1662.

EURUSD 4-hour chart