EURUSD Daily Analysis – April 18, 2019

EURUSD failed to break above 1.1323 resistance, suggesting that lengthier consolidation for the uptrend from 1.1183 is needed. However, as long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to resume and further rise to 1.1350 area is still possible after the consolidation. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 1.1323 already, then another fall towards 1.1100 could be seen.

EURUSD 4-hour chart