EURUSD Daily Analysis – April 29, 2019

EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1323. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.1050 area. Resistance is at 1.1175, a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart