EURUSD Daily Analysis – July 11, 2019

EURUSD broke above the falling price channel on the 4-hour chart, suggesting that the downside movement from 1.1412 had completed at 1.1193 already. Further rally could be expected after a minor consolidation and next target would be at 1.1300 area. Near term support is at 1.1240, a breakdown below this level could bring the price back to 1.1210 zone.

EURUSD 4-hour chart