FX.co ★ EUR/USD analysis for January 15, 2019

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1418. According to the H4 time – frame, I have found a finished expanded flat bullish correction phase, which is a sign that downward movement can resume. My advice is to watch for selling opportunities. The downward target is set at the price of 1.1315. EUR/USD is overall still in a big consolidation phase.