EURUSD Daily Analysis – February 15, 2018

EURUSD’s upside movement from 1.2205 extended to as high as 1.2473. Further rise to test 1.2537 resistance would likely be seen after a minor consolidation. Near term support is at 1.2400, only a breakdown below this level could bring price back towards the bullish trend line on the 4-hour chart.

EURUSD 4-hour chart