EURUSD Daily Analysis – February 18, 2019

EURUSD is in consolidation for the downtrend from 1.1514. Range trading between 1.1234 and 1.1341 would likely be seen in a couple of days. As long as 1.1341 resistance holds, the downtrend could be expected to resume and a breakdown below 1.1234 support could trigger another fall towards 1.1100. Only a break of 1.1341 resistance could signal completion of the downtrend.

EURUSD 4-hour chart