EURUSD Daily Analysis – April 7, 2020

EURUSD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.1147. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 1.0700 area. On the upside, a breakout of the trend line resistance would indicate that the downside movement is complete, then the pair would find resistance at around 1.0950.

EURUSD 4-hour chart