EURUSD Daily Analysis – January 22, 2020

EURUSD remains in the downtrend from 1.1172, further decline would likely be seen and a breakdown below 1.1076 support could take the price to 1.1040 area. Near term resistance is at 1.1118, a break of this level could bring the price back into 1.1160 zone.

EURUSD 4-hour chart