EURUSD Daily Analysis – January 25, 2019

EURUSD failed to break above the falling trend line on the 4-hour chart and extended its downside movement from 1.1570 to as low as 1.1289. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1250 area. Key resistance is at 1.1395, only a break of this level could signal completion of the downtrend.

EURUSD 4-hour chart