EURUSD Daily Analysis – April 18, 2018

EURUSD broke above 1.2396 resistance, suggesting that the uptrend from 1.2214 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.2500, followed by 1.2550. Support is at 1.2300, only a breakdown below this level could trigger another fall towards 1.2150.

EURUSD 4-hour chart