EURUSD Weekly Analysis – January 5, 2020

EURUSD is now in the uptrend from 1.0981. As long as the price is above the rising trend line on the daily chart, the upside movement could be expected to continue and next target would be at 1.1350 area. On the downside, a breakdown below the trend line would indicate that the upside move had completed at 1.1239 already, then another fall towards 1.0800 could be seen.

EURUSD daily chart