EURUSD Daily Analysis – February 1, 2019

EURUSD remains in the uptrend from 1.1289, the pullback from 1.1514 is likely consolidation for the uptrend. As long as 1.1406 support holds, the upside movement could be expected to resume, a breakout of 1.1514 resistance could trigger another rise towards 1.1600 area. Only a breakdown below 1.1406 support could signal completion of the uptrend.

EURUSD 4-hour chart