EURUSD Weekly Analysis – February 16, 2019

EURUSD is facing 1.1215 support, a breakdown below this level will indicate that the downside movement from 1.2555 (Feb 16, 2018 high) has resumed, then further decline towards 1.1000 area could be seen. Near term resistance is at 1.1360, a break of this level could trigger another rise towards 1.1570.

EURUSD daily chart