EURUSD Daily Analysis – February 20, 2020

EURUSD extended its downside movement from 1.1095 to as low as 1.0782. As long as 1.0861 resistance holds, the downside movement could be expected to continue and next target would be at 1.0700 area, only break above 1.0861 resistance could signal completion of the downtrend.

EURUSD 4-hour chart