EURUSD Weekly Analysis – March 16, 2019

EURUSD stays below a falling trend line on the daily chart and remains in the downtrend from 1.1570. As long as the trend line resistance holds, the bounce from 1.1176 could be treated as consolidation for the downtrend, another fall to 1.1000 is still possible after the consolidation. Only a breakout of the trend line resistance could signal completion of the downtrend.

EURUSD daily chart