EURUSD Daily Analysis – January 21, 2019

EURUSD extended its downside movement from 1.1570 to as low as 1.1353. Further decline would likely be seen in a couple of days and next target would be at 1.1300 area. Key resistance is at 1.1425, a break of this level would indicate that the downside movement is complete, then another rise towards 1.1500 could be seen.

EURUSD 4-hour chart