EURUSD Daily Analysis – February 20, 2019

EURUSD broke above 1.1341 resistance, suggesting that the downside movement from 1.1514 had completed at 1.1234 already. Further rally could be expected in a couple of days and next target would be at 1.1400 area. Support levels are at 1.1275 and 1.1234, only break below these levels could trigger another fall towards 1.1100.

EURUSD 4-hour chart