EURUSD Daily Analysis – February 26, 2020

EURUSD is facing the resistance of the falling price channel on the 4-hour chart. A breakout of the channel resistance would indicate that the downside movement from 1.1239 (Dec 31, 2019 high) had completed at 1.0778 already, then the pair would find next resistance at 1.0950 area. Near term support is at 1.0825, a breakdown below this level could trigger another fall towards 1.0700.

EURUSD 4-hour chart