EURUSD Daily Analysis – February 20, 2017

EURUSD remains in downtrend from 1.0828, the bounce from 1.0521 would possibly be correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.0400 area. Resistance levels are at 1.0679 and 1.0740, only break above these levels could trigger another rise towards 1.1000.

eurusd chart