EURUSD Weekly Analysis – March 1, 2020

EURUSD broke above the falling price channel on the daily chart, suggesting that the downside movement from 1.1239 had completed at 1.0778 already. Further rally would likely be seen and next target would be at 1.1150, followed by 1.1260. Near term support is at 1.0950, a breakdown below this level could trigger another fall towards 1.0600.

EURUSD daily chart