EURUSD Weekly Analysis – March 4, 2018

EURUSD broke below the bullish trend line on the daily chart, suggesting that the upside movement from 1.1554 had completed at 1.2555 already. Further decline is still possible and next target would be at 1.1950, followed by 1.1700. Near term resistance is at 1.2360, only break above this level could trigger another rise to test 1.2555 resistance. Above here would trigger further upside movement towards 1.3000.

EURUSD daily chart