EURUSD Daily Analysis – September 17, 2018

EURUSD failed in its attempt to break above 1.1733 resistance. However, as long as the price is above the rising trend line on the 4-hour chart, the uptrend from 1.1526 could be expected to resume and another rise to test 1.1733 resistance is still possible, a break of this level would aim 1.1800 area. On the downside, a clear break below the trend line support would indicate that the upside movement is complete, then further decline towards 1.1500 could be seen.

EURUSD 4-hour chart