EURUSD Daily Analysis – April 25, 2018

EURUSD extended its downside movement from 1.2413 to as low as 1.2181, breaking below 1.2214 support. Further decline is still possible after a minor consolidation and next target would be at 1.2150 area. Below here would aim 1.2070. Resistance is at 1.2260, only a break of this level would suggest that the downside movement is complete, then the following upside move could bring the price back to 1.2400 area.

EURUSD 4-hour chart