EURUSD Weekly Analysis – March 8, 2020

EURUSD extended its upside movement from 1.0778 to as high as 1.1354, breaking above 1.1239 resistance. Further rally is still possible after a minor consolidation and next target would be at 1.1500 area. Near term support is at 1.1200, below this level could bring the price back to 1.1050 area.

EURUSD daily chart