EURUSD Daily Analysis – April 8, 2020

EURUSD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.1147 had completed at 1.0768 already. Further rally would likely be seen and next target would be at 1.0950 area. Near term support is at 1.0800, only break below this level could trigger another fall towards 1.0600.

EURUSD 4-hour chart