EURUSD Weekly Analysis – March 8, 2015

EURUSD broke below 1.1097 support, and continued its downward movement from 1.3993 (May 8, 2014 high), and the fall extended to as low as 1.0839. Key resistance is now at 1.1533, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0000 area.

eurusd chart