EURUSD Daily Analysis – April 16, 2020

EURUSD broke below 1.0892 support, suggesting that the upside movement from 1.0768 had completed at 1.0990 already. Further decline would likely be seen and next target would be at 1.0768 support. Near term resistance is at 1.0950, a breakout of this level could trigger another rise towards 1.1100.

EURUSD 4-hour chart