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](https://www.forexcycle.com/wp-content/uploads/2020/20200122_EURUSD_1.png)