EURUSD Daily Analysis – January 18, 2017

EURUSD’s upward movement from 1.0340 extended to as high as 1.0719. Further rise is still possible after a minor consolidation, and next target would be at 1.0800 area. Support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart