EURUSD Weekly Analysis – March 6, 2016

EURUSD remains in uptrend from 1.0517, the fall from 1.1376 could be treated as correction of the uptrend. Further rise is possible over the next several weeks, and next target would be at 1.2000 area. Support is at 1.0700, only break below this level will indicate that the uptrend had completed at 1.1376 already, then the following downward movement could bring price to 1.0000 zone.

eurusd chart