EURUSD Daily Analysis – January 8, 2020

EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0981. As long as the trend line support holds, the fall from 1.1239 could be treated as consolidation for the uptrend, and another rise towards 1.1300 could be expected after the consolidation. Only break below the trend line support could signal completion of the uptrend.

EURUSD 4-hour chart