EURUSD Daily Analysis – June 8, 2020

EURUSD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.1383 could be treated as consolidation for the uptrend from 1.0870, and further rise towards 1.1500 is possible after the consolidation. On the upside, a breakdown below the trend line support would indicate that the upside movement had completed at 1.1383 already, then the pair would find next support at around 1.1140.

EURUSD 4-hour chart