EURUSD broke below 1.1180 support, suggesting that the upside movement from 1.1066 had completed at 1.1239 already. Deeper decline would likely be seen in a couple of days and the target would be at the rising trend line on the 4-hour chart. Near term resistance is at 1.1200, only break above this level could trigger another rise towards 1.1300.
![EURUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200103_EURUSD_1.png)