EURUSD Daily Analysis – March 27, 2017

EURUSD’s upward movement from 1.0494 extended to as high as 1.0849. Further rise is still possible in a couple of days and next target would be at 1.0900 area. Near term support is at the bottom of the price channel on 4-hours chart and the key support is at 1.0760, only break below this level could signal completion of the uptrend.

EURUSD chart