EURUSD Daily Analysis – July 19, 2019

EURUSD failed to break above 1.1285 resistance and stayed in a trading range between 1.1193 and 1.1285. As long as 1.1285 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.1412, a breakdown below 1.1193 could take the price to 1.1150 area. On the upside, a breakout of 1.1285 resistance would confirm that the downside movement had completed at 1.1193 already, then the following upside move could bring the price back to 1.1350 zone.

EURUSD 4-hour chart