EURUSD failed to break below 1.1109 support and stays in the trading range between 1.1109 and 1.1295. As long as the pair is above 1.1109 support, the price action in the trading range could be treated as consolidation of the uptrend from 1.0569 (Apr 10 low), and another rise towards 1.1450 could be expected after the consolidation. Resistance is at 1.1295, a break of this level could signal resumption of the uptrend. On the downside, a breakdown below 1.1109 support will indicate that the uptrend had completed at 1.1295 already then the pair will find support at around 1.0800.

eurusd 4-hour chart


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