EURUSD Daily Analysis – January 3, 2020

EURUSD broke below 1.1180 support, suggesting that the upside movement from 1.1066 had completed at 1.1239 already. Deeper decline would likely be seen in a couple of days and the target would be at the rising trend line on the 4-hour chart. Near term resistance is at 1.1200, only break above this level could trigger another rise towards 1.1300.

EURUSD 4-hour chart