EURUSD Daily Analysis – December 17, 2019

EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0981. As long as the trend line support holds, the pullback from 1.1199 could be treated as consolidation for the uptrend, and further rise to 1.1250 area is possible after the consolidation. Key support is at 1.1103, only a breakdown below this level would indicate that the upside movement had completed at 1.1199 already, then another fall towards 1.1000 could be seen.

EURUSD 4-hour chart