EURUSD Weekly Analysis – March 31, 2019

EURUSD is facing 1.1176 support, a breakdown below this level could trigger further downside movement towards 1.1000. Key resistance is now at 1.1448, a breakout of this level would suggest that the long term downside movement from 1.2555 (Feb 16, 2018 high) had completed at 1.1176 already then the following upside movement could bring the price back towards 1.1700.

EURUSD daily chart