EURUSD Daily Analysis – December 12, 2019

EURUSD extended its upside movement from 1.0981 to as high as 1.1144, breaking above 1.1116 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.1170, followed by 1.1250. Support is located at the rising trend line on the 4-hour chart, only break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart