EURUSD Daily Analysis – February 12, 2018

EURUSD is facing the resistance of the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and further decline to test 1.2165 support is possible. On the upside, a breakout of the trend line resistance would suggest that the downtrend from 1.2523 is complete, then another rise towards 1.2537 could be seen.

EURUSD 4-hour chart