EURUSD Daily Analysis – February 23, 2017

EURUSD broke below 1.0521 support, indicating that the downtrend from 1.0828 has resumed. Further decline could be expected over the next several days, and next target would be at 1.0400 area. Resistance is at 1.0600, only break above this level will indicate that lengthier consolidation for the downtrend is underway, then the following upward movement could bring price back to 1.0700 zone.

eurusd chart