EURUSD Daily Analysis – January 30, 2018

EURUSD is in corrective consolidation for the uptrend from 1.1717. Range trading between 1.2240 and 1.2537 would likely be seen over the next several days. As long as 1.2240 support holds, the uptrend could be expected to resume and another rise towards 1.2700 is still possible after the consolidation. Resistance is at 1.2537, a breakout of this level could signal resumption of the uptrend.

EURUSD 4-hour chart