EURUSD Daily Analysis – April 2, 2020

EURUSD extended its downside movement from 1.1147 to as low as 1.0902. As long as the price is below the falling trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.0800 area. Key resistance is at 1.1039, only break above this level could trigger another rise towards 1.1260.

EURUSD 4-hour chart