EURUSD Daily Analysis – February 14, 2019

EURUSD remains in the downtrend from 1.1514, the price action from 1.1257 is likely consolidation for the downtrend. Key resistance is at 1.1341, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.1200 area. Only a break of 1.1341 resistance could signal completion of the downtrend.

EURUSD 4-hour chart