EURUSD Daily Analysis – June 12, 2018

EURUSD is facing the support of the price channel on the 4-hour chart. As long as the channel support holds, the price action from 1.1840 could be treated as consolidation for the uptrend from 1.1510 and one more rise towards 1.1900 is still possible after the consolidation. Key support is at 1.1727, only a breakdown below this level could signal completion of the uptrend.

EURUSD 4-hour chart