EURUSD Daily Analysis – November 13, 2019

EURUSD extended its downside movement from 1.1175 to as low as 1.1002. 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 1.0950 area. Key resistance is at 1.1043, only break above this level could signal completion of the downtrend.

EURUSD 4-hour chart