EURUSD Daily Analysis – June 13, 2019

EURUSD is facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1347 could be treated as consolidation for the uptrend from 1.1116, another rise towards 1.1400 is still possible after the consolidation. On the downside, a clear break below the trend line support would indicate that the upside movement had completed at 1.1347 already, then deeper decline to 1.1200 area could be seen.

EURUSD 4-hour chart