EURUSD Daily Analysis – June 17, 2019

EURUSD extended its downside movement from 1.1347 to as low as 1.1202. Further decline could be expected after a minor consolidation and next target would be at 1.1100 area. Near term resistance is at 1.1230, a break of this level could bring the price back towards the falling trend line on the 4-hour chart.

EURUSD 4-hour chart