EURUSD Daily Analysis – January 13, 2017

EURUSD broke above 1.0653 resistance, indicating that the pair is in short term uptrend from 1.0340. Further rise could be expected, and next target would be at 1.0800 area. Support is at the upward trend line on 4-hour chart, only break below the trend line support could signal completion of the uptrend.

eurusd chart