EURUSD Daily Analysis – April 27, 2018

EURUSD extended its downside movement from 1.2413 to as low as 1.2096. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.2050 area. Key resistance is now at 1.2210, only a breakout of this level could signal completion of the downtrend.

EURUSD 4-hour chart