EURUSD Daily Analysis – Tuesday, Sept 12

EURUSD is facing the support of the ascending trend line from 1.1662 to 1.1823 on its 4-hour chart. A clear break below the trend line could bring price back to test 1.1823 support, below this level could signal completion of the uptrend from 1.1662, then the pair would find support at 1.1662. On the upside, as long as the price is above the trend line, the fall from 1.2092 would possibly be consolidation of the uptrend, and another rise towards 1.2165 is still possible after the consolidation.