EURUSD Daily Analysis – June 15, 2018

EURUSD broke below 1.1726 key support and dropped sharply from 1.1851 to as low as 1.1559, suggesting that the upside movement from 1.1510 had completed at 1.1851 already. Deeper decline to test 1.1510 support would likely be seen, a breakdown below this level could trigger further downside movement towards 1.1300 area. Resistance is at 1.1670, as long as this level holds, the downtrend will continue.

EURUSD 4-hour chart