EURUSD Daily Analysis – March 23, 2015

EURUSD continued its sideways movement in a range between 1.0462 and 1.1045. Resistance is at 1.1045, as long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.3993 (May 8, 2014 high), another fall towards 1.0000 is still possible after consolidation.

eurusd chart