EURUSD Daily Analysis – September 5, 2019

EURUSD broke above the falling trend line on the 4-hour chart, indicating that the downside movement from 1.1164 had completed at 1.0925 already. Further rally could be expected after consolidation and next target would be at 1.1100 area. Near term support is at 1.1005, below this level could bring the price back to 1.0970 zone.

EURUSD 4-hour chart