EURUSD Weekly Analysis – January 20, 2019

EURUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1215. As long as the price is in the channel, the upside movement could be expected to continue and next target would be at 1.1700 area. On the downside, a breakdown below the channel support would indicate that the upside movement had completed at 1.1570 already, then another fall towards 1.1000 could be seen.

EURUSD daily chart