EURUSD Daily Analysis – January 4, 2019

EURUSD broke above 1.1400 resistance, suggesting that the short term downtrend from 1.1496 had completed at 1.1303 already. Another rise towards 1.1500 could be expected in the coming days. Support is now at 1.1303, below this level could trigger further downside movement towards 1.1200.

EURUSD 4-hour chart