EURUSD Daily Analysis – February 4, 2019

EURUSD moved sideways in a trading range between 1.1406 and 1.1514. The price action in the range is likely consolidation for the uptrend from 1.1289, further rise to 1.1600 area is still possible after the consolidation. On the downside, a breakdown below 1.1406 support would indicate that the upside movement had completed at 1.1514 already, then another fall towards 1.1300 could be seen.

EURUSD 4-hour chart