EURUSD Daily Analysis – April 13, 2017

EURUSD broke above the resistance of the descending price channel on 4-hour chart, indicating that the downtrend from 1.0905 had completed at 1.0569 already. Further rise could be expected and next target would be at 1.0700 area. Support is at 1.0620 and 1.0569, only break below these levels could trigger another fall towards 1.0500.

EURUSD chart