EURUSD Daily Analysis – February 6, 2019

EURUSD broke below 1.1406 support, suggesting that the upside movement from 1.1289 had completed at 1.1514 already. Deeper decline could be expected and next target would be at 1.1340 area. Near term resistance is at 1.1440, above this level could trigger another rise towards 1.1500.

EURUSD 4-hour chart