EURUSD Daily Analysis – March 13, 2015

EURUSD remains in downtrend from 1.1450, the rise from 1.0494 is likely consolidation of the downtrend. Resistance is at 1.0700, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0200 area. On the upside, a break of 1.0700 resistance will indicate that the downtrend had completed at 1.0494 already, then the pair will find resistance around 1.0850.

eurusd chart