EUR/USD technical analysis

11 Feb 2020 03:32 PM

The pair could not continue in descending channel at 1.0950 and broke it and retreated to the next support at 1.0900. We expect that if it remains above this support, the pair will back to target at 1.0990, and then continue from the upper line of the descending channel at 1.1060 levels.

Support levels are 1.0900 - 1.0880.