EURUSD Daily Analysis – April 23, 2018

EURUSD broke below 1.2300 support, indicating that the upside movement from 1.2214 had completed at 1.2413 already. Deeper decline to test 1.2214 support is possible, a breakdown below this level would aim 1.2150 area. Resistance is at 1.2315, only a breakout of this level could trigger another rise towards 1.2500.

EURUSD 4-hour chart