EURUSD Weekly Analysis – March 22, 2015

EURUSD remains in downtrend from 1.3993 (May 8, 2014 high), the rise from 1.0462 is likely consolidation of the downtrend. Range trading between 1.0462 and 1.1200 is possible over the next several weeks. Key resistance is at 1.1533, as long as this levels holds, the downtrend could be expected to resume, and another fall towards 1.0000 could be seen after consolidation.

eurusd chart