EURUSD Weekly Analysis – February 9, 2020

EURUSD’s fall from 1.1239 extended to as low as 1.0942. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 1.0879 support, followed by 1.0700 area. On the upside, a breakout of the trend line resistance would indicate that the downside move is complete, then another rise towards 1.1300 could be seen.

EURUSD daily chart