EURUSD Daily Analysis – November 12, 2019

EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1175. As long as the channel resistance holds, the downside movement could be expected to continue and next target would be at 1.0950 area. Key resistance is at 1.1043, only break above this level could bring the price back towards 1.1100.

EURUSD 4-hour chart