EURUSD Daily Analysis – February 22, 2017

EURUSD is facing 1.0521 support, a breakdown below this level will indicate that the downtrend from 1.0828 has resumed, then next target would be at 1.0400 area. Near term resistance is at 1.0600, only break above this level will indicate that lengthier consolidation for the downtrend is needed, then the following upward movement could bring price back to 1.0750 zone.

eurusd chart