EUR/USD technical analysis

6 Feb 2020 03:14 PM

The pair is still moving inside a falling channel on the hourly frame and maintains the support level of 1.0990. We expect if the price is above this support as it is eligible to rise again to test at 1.1030 - 1.1070 levels. However, if the support of 1.0999 is broken, the pair may continue falling to support the lower bound of the channel at 1.0950.