EURUSD Weekly Analysis – March 22, 2020

EURUSD extended its downside movement from 1.1496 to as low as 1.0637, breaking below 1.0778 support. Further decline could be expected after a minor consolidation and next target would be at 1.0400 area. Near term resistance is at 1.0840, a break of this level could bring the price back to 1.1000 zone.

EURUSD daily chart