EURUSD Daily Analysis – April 20, 2017

EURUSD remains in uptrend from 1.0569, the fall from 1.0737 is likely consolidation of the uptrend. Further rise could be expected over the next several days and next target would be at 1.0800 area. Near term support is at 1.0670 and the key support is located at the rising trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

EURUSD chart