EURUSD Daily Analysis – April 24, 2019

EURUSD extended its downside movement from 1.1323 to as low as 1.1192. As long as the price is in the bearish price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1150 area. Key resistance is at 1.1262, only break above this level could signal completion of the downtrend.

EURUSD 4-hour chart