EURUSD Weekly Analysis – March 10, 2019

EURUSD broke below 1.1215 support, suggesting that the downside movement from 1.2555 (Feb 16, 2018 high) has resumed. Further decline is still possible and next target would be at 1.1000 area. Resistance is located at the falling trend line on the daily chart, only break above the trend line resistance could trigger another rise towards 1.1600.

EURUSD daily chart