EURUSD Daily Analysis – February 3, 2020

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1172 had completed at 1.0992 already. Further rally is still possible after a minor consolidation and next target would be at 1.1150 area. Near term support is at 1.1065, a breakdown below this level could trigger another fall towards 1.1000.

EURUSD 4-hour chart