EURUSD Daily Analysis – February 12, 2019

EURUSD broke below 1.1289 support and extended its downside movement from 1.1514 to as low as 1.1267. Further decline is still possible after a minor consolidation and next target would be at 1.1200 area. Near term resistance is at 1.1315, only a break of this level could bring the price back to 1.1380 area.

EURUSD 4-hour chart