EURUSD Daily Analysis – February 11, 2019

EURUSD’s downside movement from 1.1514 extended to as low as 1.1314. Further decline is still possible after a minor consolidation and next target would be at 1.1250 area. Near term resistance is at 1.1350, a break of this level could bring the price back to 1.1400 area.

EURUSD 4-hour chart