EURUSD Daily Analysis – January 30, 2017

EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0340, and the fall from 1.0774 could be treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.0900 area. Key support is at 1.0588, only break below this level could signal completion of the uptrend.

eurusd chart