EURUSD Daily Analysis – February 19, 2018

EURUSD remains in the uptrend from 1.2205, the fall from 1.2555 is likely correction for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the uptrend could be expected to resume and a breakout of 1.2555 resistance could trigger another rise towards 1.2700. The key support is located at the trend line now at around 1.2340. Only a clear break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart