EURUSD Daily Analysis – June 12, 2019

EURUSD remains in the uptrend from 1.1116 the pullback from 1.1347 is likely consolidation for the uptrend. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to resume, a break of 1.1347 resistance could take the price to 1.1400 area. Near term support is at 1.1290, a breakdown below this level could bring the price back towards the trend line.

EURUSD 4-hour chart