EURUSD Daily Analysis – January 2, 2020

EURUSD extended its upside movement from 1.1066 to as high as 1.1239, breaking above 1.1199 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.1280 area. Near term support is at 1.1180, a breakdown below this level could bring the price back towards the bullish trend line on the 4-hour chart.

EURUSD 4-hour chart