EURUSD Weekly Analysis – March 15, 2015

EURUSD’s downward movement from 1.3993 (May 8, 2014 high) extended to as low as 1.0462. Further decline could be expected after a minor consolidation and next target would be at 1.0000 area. Resistance is now at 1.1000, only break above this level could signal completion of the downtrend.

eurusd chart