EURUSD Daily Analysis – February 25, 2020

EURUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.1239 (Dec 31, 2019 high). As long as the channel resistance holds, the bounce from 1.0778 could be treated as consolidation for the downtrend, one more fall to 1.0700 area would likely be seen after the consolidation, only break above the channel resistance could signal completion of the downtrend.

EURUSD 4-hour chart