EURUSD Daily Analysis – March 2, 2015

EURUSD’s downward movement from 1.1450 extended to as low as 1.1160. Further decline to test 1.1097 support could be expected, a breakdown this level will confirm that the downtrend from 1.2569 (Dec 16, 2014 high) has resumed, then the following downward movement could bring price to 1.0500 area.

eurusd chart