EURUSD Daily Analysis – April 9, 2019

EURUSD broke above 1.1254 resistance, suggesting that the downside movement from 1.1448 had completed at 1.1183 already. Further rally could be expected in the coming days and next target would be at 1.1300 area. Support is located at the rising trend line on the 4-hour chart, only a breakdown below the trend line support could trigger another fall towards 1.1100.

EURUSD 4-hour chart