EURUSD Weekly Analysis – March 15, 2020

EURUSD broke below 1.1200 support, suggesting that the upside movement from 1.0778 had completed at 1.1496 already. Further decline would likely be seen and next target would be at 1.0778 support. Near term resistance is at 1.1250, a break of this level could trigger another rise towards 1.1500.

EURUSD daily chart