EURUSD Daily Analysis – April 24, 2020

EURUSD extended its downside movement from 1.0990 to as low as 1.0756, breaking below 1.0768 support. 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 1.0800, a break of this level could bring the price back towards the trend line.

EURUSD 4-hour chart