EURUSD Daily Analysis – February 15, 2019

EURUSD moved sideways in a trading range between 1.1249 and 1.1341. As long as 1.1341 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1514, further decline to 1.1200 area is still possible after the consolidation. Only a break of 1.1341 resistance could signal completion of the downtrend.

EURUSD 4-hour chart