EURUSD Daily Analysis – September 6, 2018

EURUSD broke above 1.1627 resistance, suggesting that the downside movement from 1.1733 had completed at 1.1529 already. Further rise could be expected and next target would be at 1.1733 resistance. Near term support is at 1.1610, only a breakdown below this level could bring the price back towards 1.1529 support.

EURUSD 4-hour chart