EURUSD Daily Analysis – June 27, 2018

EURUSD remains in the short term uptrend from 1.1508, the fall from 1.1720 is likely consolidation for the uptrend. As long as 1.1620 support holds, the upside movement could be expected to continue and next target would be at 1.1800 area. However, a breakdown below 1.1620 support would indicate that the upside movement had completed at 1.1720 already, then another fall towards 1.1500 could be seen.

EURUSD 4-hour chart