EURUSD Daily Analysis – July 1, 2019

EURUSD stays in a trading range between 1.1344 and 1.1412. As long as the price is above 1.1344 support, the price action in the range could be treated as consolidation for the uptrend from 1.1181, another rise to 1.1450 area could be expected after the consolidation. However, a breakdown below 1.1344 support would indicate that the upside movement had completed at 1.1412 already, then the following downside movement could bring the price back to 1.1280 area.

EURUSD 4-hour chart