EURUSD Daily Analysis – January 31, 2019

EURUSD extended its upside movement from 1.1289 to as high as 1.1501. Further rise is still possible after a minor consolidation and next target would be at 1.1550 area. Support is located at the bullish trend line on the 4-hour chart, only a breakdown below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart