EURUSD Daily Analysis – February 7, 2019

EURUSD extended its downside movement from 1.1514 to as low as 1.1360. Further decline is still possible after a minor consolidation and next target would be at 1.1300 area. Resistance is at 1.1400, only break above this level could trigger another rise towards 1.1500.

EURUSD 4-hour chart