EURUSD Daily Analysis – September 9, 2019

EURUSD is facing 1.1016 support, a breakdown below this level could trigger further downside movement to 1.0960 – 1.0990 area. However, as long as 1.1016 support holds, the pullback from 1.1084 could be treated as consolidation for the uptrend from 1.0925, another rise could be expected after the consolidation, a breakout of 1.1084 resistance could take the price to 1.1150 area.

EURUSD 4-hour chart