EURUSD Daily Analysis – January 11, 2019

EURUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.1303. As long as the trend line support holds, the pullback from 1.1570 could be treated as consolidation for the uptrend and further rise to 1.1600 area is still possible after the consolidation. Only a breakdown below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart