EURUSD Daily Analysis – July 10, 2018

EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1527. As long as the trend line support holds, the fall from 1.1790 could be treated as consolidation for the uptrend. And a breakout of 1.1790 resistance could trigger further bullish movement to test 1.1851 resistance. On the downside, a clear break below the trend line support would suggest that the upside movement had completed at 1.1790 already, then another fall towards 1.1500 could be seen.

EURUSD 4-hour chart