EURUSD Daily Analysis – January 6, 2020

EURUSD extended its downside movement from 1.1239 to as low as 1.1125. Further decline is still possible and the target would be at the rising trend line on the 4-hour chart. Near term resistance is at 1.1180, a break of this level could trigger another rise towards 1.1300.

EURUSD 4-hour chart