EURUSD Daily Analysis – February 10, 2020

EURUSD extended its downside movement from 1.1095 to as low as 1.0942. Further decline is still possible after a minor consolidation and next target would be at 1.0900 area. Near term resistance is at 1.0985, a break of this level could bring the price back towards the falling trend line on the 4-hour chart.

EURUSD 4-hour chart