EURUSD Daily Analysis – July 17, 2018

EURUSD’s bounce from 1.1613 extended to as high as 1.1725. Further rise to test 1.1790 resistance is possible, and a breakout of this level could trigger further upside movement towards 1.1850. Support levels are at 1.1670 and 1.1613, only break below these levels could bring the price back towards 1.1500.

EURUSD 4-hour chart