EURUSD Daily Analysis – July 16, 2019

EURUSD failed to break above 1.1285 resistance and stayed in a trading range between 1.1238 and 1.1285. As long as 1.1238 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.1193, further rise to 1.1350 area is still possible after the consolidation. Only a breakdown below 1.1238 support could bring the price back to 1.1210 area.

EURUSD 4-hour chart