EURUSD Daily Analysis – September 4, 2019

EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1164. As long as the trend line resistance holds, the bounce from 1.0925 could be treated as consolidation for the downtrend, another fall towards 1.0900 could be expected after the consolidation. Only break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart