EURUSD Weekly Analysis – March 18, 2018

EURUSD moved sideways in a trading range between 1.2154 and 1.2555. Another fall to test 1.2154 support would likely be seen next week. A breakdown below this level could take price to 1.1950 area. Below here would aim 1.1700. On the upside, a breakout of 1.2555 resistance would suggest that the bullish movement from 1.0340 (Jan 3, 2017 low) has resumed, then further rise towards 1.3000 could be seen.

EURUSD daily chart