EURUSD Daily Analysis – April 14, 2020

EURUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.0768. As long as the channel support holds, the pullback from 1.0967 could be treated as consolidation for the uptrend, and further rise to 1.1000 area is still possible after the consolidation. On the downside, a breakdown below the channel support would indicate that the upside movement had completed at 1.0967 already, then further decline towards 1.0768 support could be seen.

EURUSD 4-hour chart