EURUSD Daily Analysis – June 7, 2018

EURUSD extended its upside movement from 1.1510 to as high as 1.1799. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2000 area. On the downside, a clear break below the trend line support would indicate that the upside movement is complete, then another fall towards 1.1400 could be seen.

EURUSD 4-hour chart