EURUSD Daily Analysis – January 22, 2019

EURUSD’s downside movement from 1.1570 extended to as low as 1.1353. As long as the price is below the falling trend line on the 4-hour chart, the downtrend could be expected to continue and next target would be at 1.1300 area. Key resistance is at 1.1425, only a break of this level could signal completion of the downtrend.

EURUSD 4-hour chart