EURUSD is facing 1.0992 support, a breakdown below this level could trigger further downside movement towards 1.0950. Near term resistance is at 1.1020, a break of this level could bring the price back towards the top of the falling price channel on the 4-hour chart.
![EURUSD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2020/20200206_EURUSD_1.png)