EURUSD Daily Analysis – January 16, 2017

EURUSD remains in uptrend from 1.0340, the fall from 1.0684 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0800 area. Only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart