EURUSD Daily Analysis – September 27, 2018

EURUSD is facing the support of the price channel on the 4-hour chart. A clear break below the channel support would suggest that the upside movement from 1.1526 had completed at 1.1815 already, then the pair would find next support level at 1.1618. On the upside, as long as the channel support holds, the fall from 1.1815 could be treated as consolidation for the uptrend and further rise to 1.1850 area is still possible.

EURUSD 4-hour chart