EURUSD Daily Analysis – January 15, 2019

EURUSD remains in the short term downtrend from 1.1570, the bounce from 1.1450 would possibly be consolidation for the downtrend. Further decline is still possible and next target would be at 1.1400 area. Near term resistance is at 1.1500, only a break of this level could trigger another rise towards 1.1600.

EURUSD 4-hour chart