EURUSD Daily Analysis – March 31, 2015

EURUSD is in short term downtrend from 1.1052. Deeper decline to test 1.0462 support would likely be seen, a breakdown below this level will signal resumption of the long term downtrend from 1.3993 (May 8, 2014 high). Resistance is at 1.1052, only break above this level could trigger another rise to 1.1300 area.

eurusd chart