EURUSD Daily Analysis – June 13, 2018

EURUSD broke below the bottom support trend line of the price channel on its 4-hour chart, suggesting that the upside movement from 1.1510 had completed at 1.1840 already. Further decline would likely be seen and next target would be at 1.1550 area. Resistance levels are at 1.1800 and 1.1840, only break above these levels could trigger another rise towards 1.1900.

EURUSD 4-hour chart