EURUSD Weekly Analysis – February 16, 2020

EURUSD extended its downside movement from 1.1239 to as low as 1.0827, breaking below 1.0879 support. Further decline could be expected after a minor consolidation and next target would be at 1.0600 area. Near term resistance is at 1.0900, a break of this level could bring the price back towards the falling trend line on the daily chart.

EURUSD daily chart