EURUSD Daily Analysis – January 9, 2020

EURUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.0981 had completed at 1.1239 already. Further decline could be expected and next target would be at 1.1060 area. Near term resistance is at 1.1135, a break of this level could bring the price back into 1.1180 zone.

EURUSD 4-hour chart