EURUSD Daily Analysis – February 13, 2020

EURUSD’s downside movement from 1.1095 extended to as low as 1.0865. Key resistance is at 1.0925, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.0800 area. On the upside, a break of 1.0925 resistance would indicate that the downside movement is complete, then the following upside movement could bring the price back towards the falling trend line on the 4-hour chart.

EURUSD 4-hour chart