EURUSD Daily Analysis – April 26, 2019

EURUSD extended its downside movement from 1.1323 to as low as 1.1117. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1050 area. Near term resistance is at 1.1160, a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart