EURUSD Daily Analysis – September 24, 2018

EURUSD stays in a bullish price channel on the 4-hour chart and remains in the uptrend from 1.1526. As long as the price is in the channel, the fall from 1.1802 could be treated as consolidation for the uptrend. Further rise could be expected after the consolidation and a breakout of 1.1802 could take the price to 1.1850 area. Near term support is at the bottom of the price channel on the 4-hour chart, a clear break below the channel support could bring the price back to 1.1550 area.

EURUSD 4-hour chart