EURUSD Daily Analysis – January 10, 2020

EURUSD extended its downside movement from 1.1239 to as low as 1.1092. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.1060 area. Near term resistance is at 1.1130, above this level could bring the price back towards the trend line.

EURUSD 4-hour chart