EURUSD Daily Analysis – January 16, 2019

EURUSD extended its downside movement from 1.1570 to as low as 1.1382. Deeper decline is still possible after a minor consolidation and next target would be at 1.1300 area. Near term resistance is at 1.1440, above this level could bring the price back towards 1.1600.

EURUSD 4-hour chart