EURUSD Daily Analysis – July 12, 2018

EURUSD broke below the bullish price channel on the 4-hour chart, suggesting that the upside movement from 1.1527 had completed at 1.1790 already. Deeper decline could be expected in the coming days and next target would be at 1.1550 area. Resistance levels are at 1.1760 and 1.1790, only break above these levels could trigger another rise towards 1.1851 resistance.

EURUSD 4-hour chart