EURUSD Daily Analysis – January 20, 2017

EURUSD stays above the upward trend line on 4-hour chart and remains in uptrend from 1.0340. As long as the trend line support holds, the fall from 1.0719 could be treated as consolidation of the uptrend. Further rise is still possible after consolidation and next target would be at 1.0800 area. Only a clear break below the trend line support could signal completion of the uptrend.

eurusd chart