EURUSD Daily Analysis – January 27, 2020

EURUSD extended its downside movement from 1.1172 to as low as 1.1019. 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 1.0990 area, only break above the trend line resistance could signal completion of the downtrend.

EURUSD 4-hour chart