EURUSD Daily Analysis – September 13, 2016

EURUSD stays in the upward price channel on 4-hour chart, indicating that the pair remains in uptrend from 1.1123. As long as the channel support holds, the fall from 1.1326 could be treated as consolidation of the uptrend. Further rise could be expected after consolidation, and next target would be at 1.1400 area. Key support is now at 1.1198, only break below this level could trigger another fall to 1.1000 zone.

eurusd chart