EURUSD Daily Analysis – January 29, 2019

EURUSD broke above 1.1425 resistance, suggesting that the downside movement from 1.1570 had completed at 1.1289 already. Further rise could be expected in a couple of days and next target would be at 1.1500 area. Near term support is at 1.1390, a breakdown below this level could bring the price back to 1.1350 area.

EURUSD 4-hour chart