EURUSD Daily Analysis – January 21, 2020

EURUSD extended its downside movement from 1.1172 to as low as 1.1076, breaking below 1.1085 support. Further decline could be expected and next target would be at 1.1040 area. Near term resistance is at 1.1105, above this level could bring the price back to 1.1150 zone.

EURUSD 4-hour chart