EURUSD Daily Analysis – April 6, 2020

EURUSD extended its downside movement from 1.1147 to as low as 1.0772. 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 1.0700 area. Near term resistance is at 1.0840, a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart