EURUSD Daily Analysis – February 21, 2020

EURUSD moved sideways in a trading range between 1.0778 and 1.0821. As long as 1.0821 resistance holds, the downside movement from 1.1095 could be expected to continue and next target would be at 1.0700 area. On the upside, a breakout of 1.0821 resistance would suggest that the downside movement had completed at 1.0778 already, then further rally to 1.0900 area could be seen.

EURUSD 4-hour chart