EURUSD Daily Analysis – April 11, 2017

EURUSD continued its downward movement and the fall extended to as low as 1.0569. Further decline could be expected after a minor consolidation and next target would be at 1.0500 area. Resistance is at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could signal completion of the downtrend.

EURUSD chart