EURUSD Daily Analysis – January 10, 2019

EURUSD extended its upside movement from 1.1303 to as high as 1.1561, breaking above 1.1500 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1650 area. Near term support is at 1.1520, below this level could bring the price back towards the trend line.

EURUSD 4-hour chart