EURUSD Daily Analysis – December 19, 2019

EURUSD broke below the rising price channel on the 4-hour chart and is now facing 1.1103 support. A breakdown below this level would confirm that the upside movement from 1.0981 had completed at 1.1199 already, then the pair would find next support level at around 1.1050. On the upside, as long as 1.1103 support holds, the pullback from 1.1199 could be treated as consolidation for the uptrend, further rise to 1.1250 area is still possible.

EURUSD 4-hour chart