EURUSD Daily Analysis – February 26, 2018

EURUSD moved sideways in a narrow range between 1.2259 and 1.2360. As long as 1.2360 resistance holds, the sideways move could be treated as consolidation for the downtrend from 1.2555 and another fall to test 1.2165 support is still possible after the consolidation. On the upside, a breakout of 1.2360 resistance would indicate that the downtrend had completed at 1.2259 already, then another rise towards 1.2500 could be seen.

EURUSD 4-hour chart