EURUSD Daily Analysis – April 1, 2020

EURUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.0635 had completed at 1.1147 completed. Further decline is still possible after consolidation and next target would be at 1.0800 area. Resistance is at 1.1147, only break above this level could trigger another rise towards 1.1300.

EURUSD 4-hour chart