EURUSD Daily Analysis – July 10, 2019

EURUSD extended its downside movement from 1.1412 to as low as 1.1193. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1150 area. Only a clear break above the channel resistance could signal completion of the downtrend.

EURUSD 4-hour chart