EURUSD Daily Analysis – February 13, 2018

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.2523 had completed at 1.2205 already. Further rally would likely be seen in the coming days and next target would be at 1.2400 area. Support is at 1.2205, only a breakdown below this level could trigger another fall towards 1.2000.

EURUSD 4-hour chart