EURUSD Daily Analysis – September 10, 2019

EURUSD moved sideways in a trading range between 1.1015 and 1.1084. As long as 1.1015 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.0925, further rise to 1.1150 area could be expected after the consolidation. On the downside, a breakdown below 1.1015 support would suggest that the upside movement had completed at 1.1084 already, then deeper decline to 1.0990 area could be seen.

EURUSD 4-hour chart