EURUSD Weekly Analysis – February 2, 2020

EURUSD is facing the resistance of the falling trend line on the daily chart. As long as the trend line resistance holds, the downside movement from 1.1239 could be expected to continue and next target would be at 1.0900 area. On the upside, a breakout of the trend line resistance would indicate that the fall from 1.1239 had completed at 1.0992 already, then another rise towards 1.1350 could be seen.

EURUSD daily chart