EURUSD Daily Analysis – December 13, 2019

EURUSD’s upside movement from 1.0981 extended to as high as 1.1199. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.1250 area. Near term support is at 1.1150, below this level could bring the price back towards the trend line.

EURUSD 4-hour chart