EURUSD Daily Analysis – Friday, Sept 8

EURUSD broke above 1.2070 resistance, indicating that the uptrend from 1.1662 has resumed. Further rise could be expected and next target would be at 1.2165 area. Near term support is at 1.1979, followed by the bullish trend line from 1.1662 to 1.1823 now at 1.1915. As long as the trend line support holds, the uptrend will continue. The key support is at 1.1823, only a breakdown below this level could signal completion of the uptrend.