EURUSD Daily Analysis – December 18, 2019

EURUSD moved sideways in a trading range between 1.1103 and 1.1199. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 1.0981, further rise to 1.1250 area is still possible after the consolidation. Key support is at 1.1103, only break below this level could signal completion of the uptrend.

EURUSD 4-hour chart