EURUSD Daily Analysis – November 14, 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 downtrend 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 would indicate that the downside movement is complete, then the pair would find resistance at around 1.1100.

EURUSD 4-hour chart