EURUSD Daily Analysis – February 17, 2020

EURUSD remains in the downtrend from 1.1095. As long as 1.0888 resistance holds, the downside movement could be expected to continue and next target would be at 1.0750 area. On the upside, a break of 1.0888 resistance would indicate that the downside movement had completed at 1.0827 already, then the pair would find resistance at the falling trend line on the 4-hour chart.

EURUSD 4-hour chart