EURUSD Daily Analysis – January 23, 2017

EURUSD broke above 1.0719 resistance and continued its upward movement from 1.0340. Further rise could be expected 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