EURUSD Daily Analysis – February 4, 2020

Being contained by the top of the bearish price channel on the 4-hour chart, EURUSD pulled back from 1.1095, suggesting that the pair remains in the downtrend from 1.1239. Further decline would likely be seen in the coming days and next target would be at 1.1000 area. Key resistance is at 1.1095, only break above this level could signal completion of the downtrend.

EURUSD 4-hour chart