EURUSD Daily Analysis – September 20, 2019

EURUSD stayed in a trading range between 1.0990 and 1.1109 for several days. As long as 1.0990 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.0926, further rise to 1.1200 area is still possible after the consolidation. On the downside, a breakdown below 1.0990 support would confirm that the upside movement had completed at 1.1109 already, then another fall to test 1.0925 support could be seen.

EURUSD 4-hour chart