EURUSD Daily Analysis – July 5, 2019

EURUSD stays in a trading range between 1.1268 and 1.1321. As long as 1.1321 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1412, a breakdown below 1.1268 support could take the price to 1.1220 area, only a break of 1.1321 resistance could signal completion of the downtrend.

EURUSD 4-hour chart