EURUSD Daily Analysis – April 17, 2018

EURUSD is facing 1.2396 resistance, a breakout of this level would indicate that the upside movement from 1.2214 has resumed, then further rise towards 1.2476 resistance could be seen. Above this level would aim 1.2555 (Feb 16 high). The key support is at 1.2300, only a breakdown below this level could bring the price back towards 1.2150.

EURUSD 4-hour chart