EURUSD Daily Analysis – February 11, 2020

EURUSD continued its downside movement from 1.1095 and the fall extended to as low as 1.0907. Further decline is still possible after a minor consolidation and next target would be at 1.0850 area. Near term resistance is at 1.0940, a break of this level could bring the price back towards the falling trend line on the 4-hour chart.

EURUSD 4-hour chart