EURUSD Daily Analysis – January 13, 2020

EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1239. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.1020 area. On the upside, a breakout of the trend line resistance would indicate that the downtrend had completed at 1.1085 already, then another rise towards 1.1200 could be seen.

EURUSD 4-hour chart