EURUSD Daily Analysis – January 28, 2019

EURUSD broke above the falling trend line on the 4-hour chart and is now facing 1.1425 resistance, above this level would confirm that the downside movement from 1.1570 had completed at 1.1289 already, then further rise to 1.1500 area could be seen. Near term support is at 1.1370, below this level could bring the price back towards 1.1300.

EURUSD 4-hour chart