EURUSD Daily Analysis – January 11, 2017

EURUSD moved sideways below 1.0653 resistance. A break of this level will confirm that the pair is in uptrend from 1.0340, then the following upward movement could bring price to 1.0800 area. Near term support is at 1.0475, a breakdown below this level could bring price back to test 1.0340 support.

eurusd chart