EURUSD Weekly Analysis – March 11, 2018

EURUSD is now in downtrend from 1.2555, the bounce from 1.2154 is likely correction for the downtrend. Further decline would likely be seen in a couple of weeks and a breakdown below 1.2154 support could take price to 1.1950, followed by 1.1700. Resistance is at 1.2555, only a breakout of this level could trigger another rise towards 1.3000.

EURUSD daily chart