EURUSD Daily Analysis – January 10, 2018

EURUSD extended its downside movement from 1.2089 to as low as 1.1915. Further decline would likely be seen after a minor consolidation and a breakdown below 1.1915 support could take price towards 1.1850, followed by 1.1717. Near term resistance is at 1.1990, only break above this level could trigger another rise towards 1.2092 (Sep 8 high) resistance.

EURUSD 4-hour chart