EURUSD Daily Analysis – April 17, 2019

EURUSD remains in the uptrend from 1.1183, the pullback from 1.1323 is likely consolidation for the uptrend. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to resume and further rise towards 1.1350 area is still possible after the consolidation. Only a breakdown below the trend line support would suggest that the upside movement had completed at 1.1323 already, then another fall towards 1.1100 could be seen.

EURUSD 4-hour chart