EURUSD Daily Analysis – January 14, 2019

EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the short term uptrend from 1.1303 had completed at 1.1570 already. Deeper decline would likely be seen and next target would be at 1.1400 area. Near term resistance is at 1.1500, a break of this level could trigger another rise towards 1.1600.

EURUSD 4-hour chart